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Honeywell returns higher - Analysis - 12-01-2021

Economies.com
2022-01-12 10:24AM UTC

Honeywell's stock (HON) returned higher with a 1.34% profit in the last session, settling at 216.31, while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, supported by trading above the 50-day SMA, with positive signals from the RSI, settling eventually at 216.31.

 

Therefore we expect more gains for the stock, targeting the resistance of 224.65, provided it holds above the support of 211.37.

 

Expected trend for today: Bullish

Midday update for Brent oil 12-01-2022

Economies.com
2022-01-12 11:34AM UTC

Brent oil price settles above the bullish channel’s support line waiting to get positive motive that assist to push the price to continue the rise and achieve our positive targets that start at 84.55 and extend to 85.80, while holding above 82.80 represents key condition to continue the suggested bullish wave.

 

The expected trading range for today is between 82.00 support and 85.00 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 12-01-2022

Economies.com
2022-01-12 11:34AM UTC

Crude oil price resumes its positive trading to attempt to breach 81.75, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that our extended targets reach 84.00 followed by 85.40, while achieving them requires holding above 79.80.

 

The expected trading range for today is between 80.00 support and 83.00 resistance.

The expected trend for today: Bullish

Midday update for Silver 12-01-2022

Economies.com
2022-01-12 11:34AM UTC

Silver price tested 22.60 level and rebounds bullishly from there, to keep the bullish trend scenario valid and active for today, which depends on the price stability above the mentioned level, supported by the moving above the EMA50, reminding you that our main waited target is located at 23.15.

 

The expected trading range for today is between 22.50 support and 23.15 resistance.

 

The expected trend for today: Bullish