Image Source: Pixabay
 

Today’s instrument is the Coca-Cola Co‘s stock traded on the NYSE exchange under the ticker KO. 

Looking at the KO‘s chart, we can see that it was lastly traded at around $60.60, and in the pre-market session, it is slightly up at around $60.95. This could hint that the market’s anticipation for today’s announcement of the quarterly earnings is positive, therefore we should expect it to test the resistance level at around $61.30 before deciding on the final direction. The catalyst will be the announcement of the US CPI at 15:30 (GMT+2) which will support the final direction.

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