- Strong bullish sentiment set to meet bearish fightback around key resistance at $64.43, currently 44 cents away
- Upper Bollinger Band® currently at $63.8
Trend-following investors would be interested to note that Assured Guaranty Ltd.'s CCI indicator is above +100. Momentum evaluation shows that the Relative Strength Index indicates Assured Guaranty is in an overbought condition. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $63.8, thereby suggesting that Assured Guaranty is becoming overvalued. Support/Resistance levels obtained from chart analysis indicate that Assured Guaranty's recent run now faces a major challenge as concentrated supply is likely found at $64.43 with price action currently 44 cents away.
Notwithstanding Assured Guaranty's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
PayPal made an initial foray below its 5 day Simple Moving Average around $81.26. On the other hand, note that a convincing break of this target could pave the way for deeper losses.
Despite the market lacking direction, technical chart analysis strongly suggests PayPal is positioned for a downward move in the near term.
$18.55 marks the crossover point where KeyCorp price action falls below its 21 day Simple Moving Average. In contrast, KeyCorp could begin to recover as it approaches significant support, now 19 cents away from $18.14. Dipping below could be an indication that further losses are ahead.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting KeyCorp to extend its recent losses.
CME Group made an initial foray below its 21 day Simple Moving Average around $173.41. CME Group's upper Bollinger Band® is at $176.76 which indicates a further downward move may follow. Despite this, a persuasive break of this target could lead to higher losses.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting CME Group to extend its recent losses.
Fundamental indicators – United States CFTC Crude Oil speculative net positions released yesterday at 19:30 UTC with a figure of 252,500, while the previous figure was 278,300.
Upcoming fundamentals: United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released tomorrow at 15:00 UTC.