Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Hewlett-Packard readies to pierce important support - Analysis - 21-09-2021

Economies.com
2021-09-21 12:00PM UTC

Hewlett-Packard's stock (HPQ) fell 1.59% in the last session, settling at 27.24, while trading within a descending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the support of 24.50, provided the support of 26.90 was breached. 

 

Expected trend for today: Bearish 

Evening update for Crude oil 21-09-2021

Economies.com
2021-09-21 16:41PM UTC

Crude oil price faced strong negative pressure to break 70.70 level and approaches the expected negative target of the break at 69.25, noticing that the price rebounds bullishly again to hint heading to regain the bullish trend, but we need to monitor the upcoming trading to confirm the next trend clearly, as breaching 71.05 will reactivate the positive scenario that its next target located at 73.30, while breaking 69.25 will force the price to suffer more losses on the intraday basis.

Evening update analysis for Gold 21-09-2021

Economies.com
2021-09-21 16:41PM UTC

Gold price traded with strong positivity to breach 1770.00 level and attempts to hold above it, to head towards achieving potential gains in the upcoming sessions, noting that closing the daily candlestick above the mentioned level will lead the price to achieve additional rise that targets 1797.00 areas.

General Motors exposed to negative pressure - Analysis - 21-09-2021

Economies.com
2021-09-21 12:01PM UTC

General Motors' stock (GM) fell 3.82% in the last session while exposed to negative pressure from the 50-day SMA, as the RSI reached overbought levels as the stock trades alongside the downward correctional trend line in the short term.

 

Therefore we expect more losses for the stock, targeting the support of 43.95, provided the support of 48.70 was breached. 

 

Expected trend for today: Bearish