- Strong bullish sentiment set to meet bearish fightback around key resistance at $61.15, currently 54 cents away
- Upper Bollinger Band® currently at $144.17
Around $60.44, American International Group Inc can look to establish a new bullish phase beyond its 5 day Simple Moving Average. The lower Bollinger Band® of AIG is at $58.98. Despite this, AIG's recent run now faces a major challenge as concentrated supply is likely found at $61.15 with price action currently 54 cents away.
Overall, looking at the technical analysis landscape, it seems AIG might continue pointing upwards in the short term.
A convincing break of this target could pave the way for deeper losses. ING Group's lower Bollinger Band® is at $12.86.
Despite muted price action in ING Group, chart analysis indicates it is positioned for a bullish run in the short term.
Around $136.28, Signature Bank can look to establish a new bullish phase beyond its 5 day Simple Moving Average. On the other hand, note that it will be interesting to follow how Signature Bank's run now faces a challenge at $141.24, which is only $2.5 away.
Overall, looking at the technical analysis landscape, it seems Signature Bank might continue pointing upwards in the short term.
MGIC Investment's run now faces a challenge at $14.15, which is only 15 cents away and will be interesting to follow. MGIC Investment's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. MGIC Investment's upper Bollinger Band® is now at $14.59.
Overall, looking at the technical analysis landscape, it seems MGIC Investment is likely to reverse course and start pointing down in the short term.
Fundamental indicators – United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -2.18 million, while the previous figure was 6.33 million.
Upcoming fundamentals: projections for United States Crude Oil Inventories are set for a continuation of decline with 2.46 million while previous data was 4.14 million; data will be released today at 15:30 UTC.