Meta Platforms' stock rose in the intraday levels after the Financial Times mentioned a new bout of layoffs at the company, sending the stock up 3.03% in the last session, or 5.28 points, settling at 179.43, with trading volumes surpassing 31.4 million shares, below 10-day averages of 54 million shares.
Technically, the stock maintained positive momentum to keep up the upward correctional short-term trend, with support from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect more gains for the stock, targeting the resistance of 197.16 anew, provided the support of 153.19 holds on.
Expected trend for today: Bullish
Brent oil price shows weak trades since morning, keeping its stability above 85.10 level, to keep the bullish trend valid for today, waiting to visit 88.20 level as a next main target.
The technical indicators attempt to provide positive signals that support the expected rise, reminding you that breaking 85.10 will put the price under negative pressure and force it to turn to decline.
The expected trading range for today is between 84.50 support and 87.80 resistance.
The expected trend for today: Bullish
Crude oil price fluctuates at the key support 78.90 and keeps its stability above it until now, while stochastic continues to gain the positive momentum, waiting to motivate the price to resume the bullish wave that targets 81.60 followed by 84.25 levels as next main stations.
The EMA50 continues to support the suggested bullish wave, and breaching 80.40 will ease the mission of achieving the expected targets, while holding above 78.20 represents the most important condition to continue the expected rise.
The expected trading range for today is between 77.90 support and 81.00 resistance.
The expected trend for today: Bullish
Silver price shows new negative trades now, reinforcing the expectations of continuing the expected bearish trend for today, motivated by stochastic current negativity, besides the negative pressure formed by the EMA50, waiting to test 21.40 mainly.
On the other hand, we should note that surpassing 22.13 will push the price to attempt to regain the main bullish trend again, to head towards testing 23.05 areas initially.
The expected trading range for today is between 21.45 support and 21.40 resistance.
The expected trend for today: Bearish