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IBM receives positive support - Analysis - 15-10-2021

Economies.com
2021-10-15 12:10PM UTC

IBM's stock rallied 1.87% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum, amid the dominance of the upward trend in the medium term, while buoyed by positive technical pattern that formed in the short term, the Falling Wedge pattern, with positive signals from the RSI after reaching oversold levels.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 152.70, provided the support of 137.13 holds on.

 

Expected trend for today: Bullish

Natural gas price keeps the positivity – Analysis – 5-10-2021

Economies.com
2021-10-15 09:18AM UTC

No change to natural gas price bullish track, due to the frequent fluctuation within the bullish channel, also, the stability of the major support at 5.445 forms the main factor to confirm the continuation of the positivity for the near term and medium term trading.

 

Now, stochastic exit from the oversold areas will increase the chances of gathering the positive momentum, to ease the mission of resuming the bullish attack that might target 6.000 followed by 6.277 levels.

 

The expected trading range for today is between 5.550 and 6.000

 

The expected trend for today: Bullish

The CADCHF continues to rise – Analysis – 5-10-2021

Economies.com
2021-10-15 09:17AM UTC

The CADCHF confirmed its affection by the domination of the bullish bias by settling above the breached resistance that forms additional support now at 0.7428, to notice recording new positive targets by touching 0.7487.

 

The current negative rebound hints the attempt to gather the additional positive momentum, to expect forming additional support at 0.7455 and start forming new bullish trades until reaching the next main target at 0.7494.

 

The expected trading range for today is between 0.7455 and 0.7495

 

The expected trend for today: Bullish

The European index continues to crawl positively – Analysis – 5-10-2021

Economies.com
2021-10-15 09:17AM UTC

The European index repeated the positive crawl to settle above the moving average 55 that reinforces the stability of the bullish channel’s support line at 4005.00, noticing the price reach to 4173.00 to form the bullish attack, expecting to get more positive momentum by stochastic until reaching 4200.00 level, followed by pressing on the previously recorded high at 4251.00.

 

The expected trading range for today is between 4120.00 and 4200.00

 

The expected trend for today: Bullish