Snap’s stock price returned lower in the intraday levels, while hurt by piercing the upward correctional trend line in the short term, with negative pressure due to trading below the 50-day SMA, while readying to breach the support of $10.49, with negative signals from the RSI despite reaching oversold levels. 

Therefore we expect more losses for the stock, provided the aforementioned support of $10.49 was breached, thus targeting the pivotal support of $8.24.

Trend forecast for today: Bearish 

Novavax’s stock price (NVAX) edged higher in the intraday levels, buoyed by trading above the 50-day SMA, and with positive signals from the RSI, while trading alongside the secondary upward trend line in the short term. 

Therefore we expect more gains for the price, targeting the resistance of $12.23, provided the support of $8.40 holds on.

Trend forecast for today: Bullish 

ExxonMobil Corporation’s stock price (XOM) rose in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements. 

Therefore we expect the price to return lower and target the pivotal support of $104.84, provided the resistance of $112.87 holds on.

Trend forecast for today: Likely Bearish 

Brent oil price shows more bullish bias to head towards potential test to the key resistance 78.40$, noting that holding below this level keeps the correctional bearish scenario active for the upcoming period, waiting to break 77.05$ to confirm rallying towards 75.66$ as a next negative target.

The expected trading range for today is between 75.60$ support and 78.60$ resistance.

Trend forecast: Bearish