TJX rises in a volatile session - Analysis - 28-09-2023
TJX Companies' stock (TJX) rose in the intraday levels after the support of 88.26 held on, lending the stock some positive momentum, with positive signals from the RSI after reaching oversold levels, while the stock tries to recoup some recent losses, as it also vented off oversold saturation in the RSI, ending a volatile session after touching the resistance of the 50-day SMA, while the stock is hurt by piercing the secondary upward trend line previously in the short term.
Therefore we expect the stock to return lower, targeting the support of 85.27, provided the support of 88.26 was breached.
Expected trend for today: Likely Bearish
Midday update for Brent oil 28-09-2023
Brent oil price trades negatively to approach 95.25 level, and as we mentioned this morning, holding above this level is important to continue the bullish trend in the upcoming sessions, which targets 97.05 followed by 98.00 levels as next main stations.
On the other hand, we should note that breaking 95.25 will stop the positive scenario and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 95.00 support and 95.25 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 28-09-2023
Crude oil price is facing negative pressure to attack 94.20 level, which urges caution from the upcoming trading, as confirming breaking this level will stop the expected positive scenario for today and put the price under more negative pressure in the upcoming sessions, while breaching 94.55 will ease the mission of resuming the bullish trend that its next main target located at 96.60.
The expected trading range for today is between 93.70 support and 96.80 resistance.
The expected trend for today: Bullish
Midday update for Silver 28-09-2023
Silver price fluctuates within tight track since morning, and as long as the price is below 23.00, our bearish overview will remain valid for today, supported by the EMA50 that presses negatively on the price, reminding you that targets begin at 22.25 and extend to 21.35 after surpassing the previous level.
The expected trading range for today is between 21.90 support and 22.70 resistance.
The expected trend for today: Bearish