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United Health collects profits - Analysis - 06-06-2023

Economies.com
2023-06-06 11:18AM UTC

United Health Group Incorporated's stock (UNH) fell in the intraday levels on profit-taking, while gathering momentum to rise anew, as the stock marked a loss of 0.28% in the last session, or 1.39 points, and settling at 498.18, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI despite reaching overbought levels, as it also benefited from positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the important resistance of 505.50, provided the support of 487.75 holds on.

 

Expected trend for today: Bullish

Midday update for the NZDUSD 06-06-2023

Economies.com
2023-06-06 09:11AM UTC

The NZDUSD pair shows some slight bullish bias now, but as long as the price is below 0.6140, our bearish overview will remain valid for today, supported by stochastic loss to the positive momentum clearly, reminding you that our next target is located at 0.6020.

 

The expected trading range for today is between 0.6010 support and 0.6125 resistance

 

The expected trend for today: Bearish

Midday update for the AUDUSD 06-06-2023

Economies.com
2023-06-06 09:11AM UTC

The AUDUSD pair rallied upwards suddenly to test the key resistance 0.6660, and we need to monitor the upcoming trading carefully, as the price needs to consolidate below this level to keep the bearish trend active for today, supported by stochastic reach to the overbought areas, waiting to head towards 0.6550 as a next main target.

 

The expected trading range for today is between 0.6550 support and 0.6680 resistance

 

The expected trend for today: Bearish

Midday update for Brent oil 06-06-2023

Economies.com
2023-06-06 09:11AM UTC

Brent oil price declines strongly again to surpass our first waited target at 75.70 and confirm the continuation of the bearish trend domination for the rest of the day, and the way is open to visit 74.30 as a next target, noting that breaking this level will push the price to suffer additional losses that reach 72.75 areas.

 

Therefore, we will continue to suggest the bearish trend for the upcoming sessions conditioned by the price stability below 76.80.

 

The expected trading range for today is between 74.00 support and 76.50 resistance.

 

The expected trend for today: Bearish