Pfizer's stock (PFE) returned lower in the intraday levels, amid the dominance of the main downward trend in the medium term alongside the secondary short-term trend line, with negative signals from the RSI, while suffering negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 27.00, provided the resistance of 30.75 holds on.
Expected trend for today: Bearish
Brent oil price hovers around 77.44 level and attempts to break it, to keep the bearish trend scenario valid for today, waiting to visit 76.00 as a next main target, noting that surpassing this level will push the price to suffer additional losses that reach 74.50 areas direct.
On the other hand, we should note that breaching 78.15 will stop the expected decline and push the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 75.80 support and 78.70 resistance.
The expected trend for today: Bearish
Crude oil price didn’t show any strong move since morning, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 73.73, supported by the EMA50 that presses negatively on the price, reminding you that we are waiting to visit 70.00 as a next main target.
The expected trading range for today is between 70.50 support and 73.50 resistance.
The expected trend for today: Bearish
Silver price shows sideways and weak trades since morning, and as long as the price is below 24.60, the bearish trend scenario will remain valid for today, reminding you that our main waited target is located at 23.70.
Note that breaking this level will push the price to suffer additional losses that reach 23.00, while breaching 24.60 will push the price to return to the main bullish track again.
The expected trading range for today is between 23.80 support and 24.60 resistance.
The expected trend for today: Bearish