Google's stock (GOOG) fell 1.26% in the last session on profit-taking while venting off overbought saturation in the RSI, lending it some positive momentum, amid the dominance of the main upward medium-term trend, with support from the 50-day SMA, settling at 2,770.
Therefore we expect the stock to rise and target the pivotal resistance of 3,019.50, provided the support of 2,622 holds on.
Expected trend for today: Bullish
Crude oil price faces difficulty to consolidate above 113.70 level, to trade negatively and head towards testing the key support 111.75, accompanied by stochastic head towards the oversold ares, waiting to motivate the price to resume the bullish trend that its next target located at 116.00, noting that holding above 111.75 is important to continue the expected rise.
Gold price rallied upwards to reach our waited target at 1960.00, and we need to monitor the price at this level, as breaching it will extend gold price gains to reach 2000.00 as a next main station, while consolidating against the bullish bias will lead the price to decline and test 1925.35 areas initially.
Intel's stock (INTC) fell 0.64% in the last session after hitting a session-high at 49.54, bouncing off it lower and settling at 48.27, after the resistance of 48.70 held on, while touching the resistance of the 50-day SMA after reaching overbought levels, with negative signals from the RSI, amid the dominance of the main downward trend in the medium term.
Therefore we expect the stock to decline and target the first support at 46.13, provided the resistance of 48.70 holds on.
Expected trend for today: Bearish