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Marriott International tries to pierce current resistance - Analysis - 01-03-2024
Marriott International’s stock (MAR) rose in the intraday levels, tackling the important resistance of 250.00, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, as the stock trades above the 50-day SMA, countered with negative signals from the RSI.
Therefore we expect the stock to rise and target the resistance of 261.80, provided the initial resistance of 250.00 is reliably breached.
Expected trend for today: Likely Bullish
Midday update for Brent oil 01-03-2024
Brent oil price shows positive trades now to test the sideways range’s resistance line that appears on the chart, and the price still within this range that its lines represented by 81.00 support and 83.87 resistance, waiting to surpass one of these levels to detect the next targets clearly.
MoreMidday update for Crude oil 01-03-2024
Crude oil price leaned on 78.25 level and bounced upwards strongly to breach 78.75 and confirm opening the way to continue the rise today, and the way is open to achieve our next target at 80.00, noting that surpassing this level will push the price towards 81.55 as a next positive station.
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Silver price faced strong negative pressure to attempt to return to the bearish channel but it returns to trade above it, and the price needs to hold above this level to keep the positive scenario active for today and guarantee heading towards 23.00 as a main positive target.
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