Forecast update for Brent -08-04-2026

Advanced Micro Devices Inc. (AMD) stock price extended its gains in its latest intraday trading, after succeeding in overcoming the negative pressure from its 50-day SMA. The stock is benefiting from positive signals emerging from the Stochastic indicator, amid the dominance of a main medium-term bullish trend as it moves alongside a trendline supporting this path.

Delta Air Lines, Inc. (DAL) stock price recorded a decline in its latest intraday trading, after coming into contact with resistance at its 50-day SMA. This coincided with a retest of a short-term bullish trendline that the stock had previously broken, doubling the negative pressure surrounding it, especially with negative signals emerging from the Stochastic indicator after reaching extremely overbought levels.

General Motors Company (GM) stock price stabilized with losses in its latest intraday trading, as it rests on the key support level at $72.10$ in preparation to break it. This occurs amid the dominance of a short-term corrective bearish wave, with continued negative pressure resulting from trading below its 50-day SMA. In addition, negative signals are emerging from the Stochastic indicator after forming a negative divergence as a result of reaching overbought levels that are excessive relative to price action, which adds more negative pressure surrounding the stock.