Johnson & Johnson's stock (JNJ) fell in the last session after the current resistance of 173.50 held on, while the RSI reached overbought levels, as the stock gathers momentum to regain footing and tackle the resistance once more, while venting off overbought saturation, amid the dominance of the upward medium-term trend, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 179.40, provided the resistance of 173.50 was breached.
Expected trend for today: Bullish
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
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
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