Buyers pushing Credit Suisse towards its price target of $3.07; currently at $3.04

• Strong bullish sentiment set to meet bearish fightback around key resistance at $3.07, currently 3 cents away
• The lower Bollinger Band® is currently at $69.18 while the higher band is at $78.43

Despite posting gains on yesterday, Credit Suisse Group AG slid below its 5 day Simple Moving Average at $3.03 during the last session — an early indicator that a negative trend could be emerging. Credit Suisse's run now faces a challenge at $3.07, which is only 3 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Credit Suisse is set for a reversal in the coming days.

Despite this, a persuasive break of this target could lead to higher losses.

Despite posting gains on yesterday, Comerica slid below its 50 day Simple Moving Average at $69.55 during the last session — an early indicator that a negative trend could be emerging. Comerica's run now faces a challenge at $70.72, which is only 71 cents away and will be interesting to follow. In contrast, 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Comerica's lower Bollinger Band® is now at $69.18.

Technical analysis suggests there could be an imminent reversal for Comerica.

The Hartford made an initial foray below its 21 day Simple Moving Average around $76.75. The Hartford's upper Bollinger Band® is at $78.94, suggesting that a downward move may follow. On the other hand, note that The Hartford is eyeing the $76.56 support line.

Despite the market lacking direction, technical chart analysis strongly suggests The Hartford is positioned for a downward move in the near term.

Fundamental indicators – data for United States Crude Oil Inventories released yesterday at 16:00 UTC is better than expected with 7.65 million, but worse than previous figure of 16.28 million.

Upcoming fundamentals: United States Core PCE Price Index (MoM) (Jan) is scheduled for today at 13:30 UTC.