Roblox dominated by upward correctional wave - Analysis - 02-11-2023
Roblox Corporation's stock (RBLX) rose in the intraday levels, tackling the current resistance of 32.50, amid the dominance of the upward correctional trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the resistance of 36.60, provided the resistance of 32.50 was breached.
Expected trend for today: Bullish
Midday update for Brent oil 02-11-2023
Brent oil price traded positively to attack 86.75 level, and as we mentioned this morning, the price needs to consolidate below this level to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target reaches 83.87.
On the other hand, we should note that holding above 86.75 and building support base above it will push the price to build bullish wave and achieve gains that start at 88.65 followed by 90.30.
The expected trading range for today is between 84.50 support and 87.50 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 02-11-2023
Crude oil price shows more bullish bias to test 83.00 barrier, affected by stochastic positivity, waiting to get negative motive that assist to push the price to resume the correctional bearish trend, which its targets begin by breaking 81.20 to open the way to rally towards 77.86.
On the other hand, we should note that the continuation of the rise and breaching 84.55 will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 80.50 support and 83.40 resistance.
The expected trend for today: Bearish
Midday update for Silver 02-11-2023
Silver price trades positively to attempt to breach 23.00 level, which hints the attempt to recover and regain the bullish trend again, noticing that stochastic loses its positive momentum clearly to support the chances of declining again.
The bearish trend scenario will remain suggested for today unless the price confirmed breaching 23.00 and holding above it, noting that the price needs to trade below this level again to revive the bearish trend that its next target located at 22.25.
The expected trading range for today is between 22.45 support and 23.25 resistance.
The expected trend for today: Bearish