Walmart tries to recoup some losses - Analysis - 24-06-2022
Walmart's stock (WMT) rose in the intraday levels after launching an expansion plan to support healthcare products for women, with the stock surging 2.43,% in the last session, or 2.93 points, settling at 123.62, with trading volumes surpassing 6 million shares, above 10-day averages of 8.2 million shares.
The stock is trying to recoup some recent losses amid positive signals from the RSI, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 117.00, provided the resistance of 126.28 holds on.
Expected trend for today: Bearish
Midday update for Brent oil 24-06-2022
Brent oil price hovers around 107.00 level since morning, and as long as the price is below 110.10, our bearish overview will remain valid for today, supported by the EMA50 that continues to press negatively on the price, noting that our targets begin by attacking 105.05 to open the way to rally towards 101.65 followed by 98.85.
The expected trading range for today is between 103.00 support and 110.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 24-06-2022
Crude oil price fluctuates below 104.60 level, to keep the negative pressure valid for today, waiting to get negative motive that assist to push the price to rally towards our main expected target at 98.95, taking into consideration that holding below 104.60 represents key condition to continue the expected decline.
The expected trading range for today is between 100.00 support and 106.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 24-06-2022
Silver price resumes its negative trading now, to support he continuation of the expected bearish trend scenario for today, reminding you that our main waited target is located at 20.50, reminding you that the continuation of the bearish wave conditions holding below 21.85.
The expected trading range for today is between 20.50 support and 21.30 resistance.
The expected trend for today: Bearish