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Starbucks suffers from negative pressures - Analysis - 18-09-2023

Economies.com
2023-09-18 11:34AM UTC

Starbucks' stock (SBUX) fell in the intraday levels, amid negative pressure from the 50-day SMA, while trading alongside the downward correctional trend line in the short term, countered with positive signals from the RSI, hindering losses, while reaching overbought levels.

 

Therefore we expect the stock to decline and target the support of 90.90, provided it settles below the resistance of 97.50.

 

Expected trend for today: Bearish

Roblox rises amid negative pressures - Analysis - 18-09-2023

Economies.com
2023-09-18 11:34AM UTC

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

 

Therefore we expect the stock to return lower, targeting the pivotal support of 25.46, provided the resistance of 32.52 holds on.

 

Expected trend for today: Bearish

The GBPCHF prepares for strong decline – Analysis – 18-9-2023

Economies.com
2023-09-18 05:44AM UTC

The GBPCHF pair provided more negative closings within the bearish track, affected by the stability of 1.1590 resistance line, supported by the consolidation of the MA55 near it as appears on the chart, noticing the price recent crawl towards 1.1085 level, attempting to take advantage of the negative pressures to increase the chances of breaking the additional support near 1.1010 followed by starting to target the additional negative stations that might start at 1.0895 followed by reaching 1.0650.

 

In addition, 1.1280 level forms continuous barrier, and stochastic crawls towards the oversold areas, which support our bearish overview, to keep waiting to record the previously suggested negative targets.

 

The expected trading range for today is between 1.1200 and 1.1020

 

The expected trend for today: Bearish

Natural gas price awaits the additional momentum – Analysis – 18-9-2023

Economies.com
2023-09-18 05:43AM UTC

Natural gas price lost the positive momentum recently after stochastic declined below 50 level, to force it to form new sideways fluctuation by settling near 2.660 level, reminding you that the stability of 2.400 support line forms major factor to reinforce the chances of activating the bullish attack, to keep waiting to gather the positive momentum soon, followed by starting to target the positive stations that might start at 2.900 and 3.100.

 

The expected trading range for today is between 2.555 and 2.900

 

The expected trend for today: Bullish