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General Motors sharpens losses - Analysis - 08-09-2023
General Motors Company's stock (GM) fell in the intraday levels, amid negative pressure from the 50-day SMA, with negative signals from the RSI despite settling at oversold levels, while dominated by the downward medium-term trend.
Therefore we expect more losses for the stock, targeting the pivotal support of 31.50, provided the resistance of 34.00 holds on.
Expected trend for today: Bearish
BlackRock suffers from negative pressures - Analysis - 08-09-2023
BlackRock's stock (BLK) fell in the intraday levels, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA, as the stock trades below it, while also hurt by piercing the secondary upward trend in the short term.
MoreMidday update for Brent oil 08-09-2023
Brent oil price shows strong positive trades to test the key resistance 90.85, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trends scenario active for today, which its first target located at 89.25.
MoreMidday update for Crude oil 08-09-2023
Crude oil price trades with clear positivity to start testing the key resistance 87.45, which urges caution from the upcoming trading, as surpassing this level represents the key to continue the rise and stop the morning suggested correctional bearish scenario, to head towards testing 88.18 followed by 89.95 levels as main positive stations.
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