Pfizer's stock (PFE) kept falling in the intraday levels, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, amid the dominance of the main downward trend in the medium term.
Therefore we expect more losses for the stock, targeting the near support at 30.17.
Expected trend for today: Bearish
Caterpillar's stock (CAT) fell in the intraday levels, amid the dominance of the downward correctional wave in the short term, while leaning on the support of 248.96, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (From 204.04 to 293.88), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect the stock to decline, provided the initial support of 248.96 is breached, targeting the next support at 238.36, which represents the ratio 61.8% of Fibonacci retracement levels.
Expected trend for today: Bearish
Blackberry Limited's stock (BB) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, with the stock managing to vent off some oversold saturation in there.
Therefore we expect more losses for the stock, targeting the pivotal support of 3.17, provided the resistance of 3.83 holds on.
Expected trend for today: Bearish
Brent oil price still stuck between the key levels represented by 91.40 support and 92.85 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect its next destination clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 89.90 support and 93.40 resistance.
The expected trend for today: Neutral