Manchester’s stock price (MANU) kept falling in the intraday levels, amid the dominance of the main downward trend, while the stock trades alongside the secondary short-term trend line, after managing to vent off oversold saturation in the RSI, which are sending out negative signals once more, amid ongoing negative pressure due to trading below the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of $13.50, provided the resistance of $14.92 holds on.
Trend forecast for today: Bearish
Brent oil price fluctuates below 70.00$ barrier, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish wave for the upcoming period, which its next main target located at 67.00$.
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Crude oil price shows slight bearish bias in attempt to resume the expected bearish trend for today, which targets 64.00$ as a next main station, to continue suggesting the bearish trend in the upcoming sessions as long as 67.05$ level remains intact, noting that breaking 65.90$ will ease the mission of achieving the waited target.
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Silver price faces clear negative pressure now, to head towards potential test to the EMA50, and the price needs to get positive motive that assist to push the price to resume the bullish wave and achieve our next waited target at 32.86$, reminding you that breaching this level will extend the bullish wave to reach 33.35$.
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