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Starbucks breaches upward trend line - Analysis - 23-08-2023

Economies.com
2023-08-23 11:02AM UTC

Starbucks' stock (SBUX) fell in the intraday levels, confirming the breach of the main upward trend line in the medium term, with negative pressure from the 50-day SMA, exposing the stock to negative pressure, countered with positive signals from the RSI after reaching oversold levels , curbing losses.

 

Therefore we expect more losses for the stock, targeting the support of 90.90, provided it settles below 97.52. 

 

Expected trend for today: Bearish

Roblox extends losses - Analysis - 23-08-2023

Economies.com
2023-08-23 11:01AM UTC

Roblox Corporation's stock (RBLX) kept falling in the intraday levels, amid negative pressure from the 50-day SMA, with the dominance of the downward short-term trend, with negative signals from the RSI despite reaching oversold levels.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 25.46. 

 

Expected trend for today: Bearish

Midday update for Brent oil 23-08-2023

Economies.com
2023-08-23 10:12AM UTC

Brent oil price resumes its negative trading to touch our first target at 83.35 and attempts to break it, which supports the expectations of continuing the correctional bearish trend on the intraday basis, reminding you that our next target is located at 81.90.

 

The EMA50 forms continuous negative pressure against the price to support the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 84.33.

 

The expected trading range for today is between 82.50 support and 84.33 resistance.

 

The expected trend for today: Bearish

Midday update for Crude oil 23-08-2023

Economies.com
2023-08-23 10:12AM UTC

Crude oil price traded with clear negativity to succeed achieving our first waited target at 79.35 and breaks it to settle below it now, reinforcing the chances of continuing the domination of the bearish trend for the rest of the day, and the way is open to head towards our next target at 78.05.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 80.65 and hold with a daily close above it.

 

The expected trading range for today is between 78.05 support and 80.50 resistance.

 

The expected trend for today: Bearish