Brent crude oil (Brent) prices fluctuated on its recent intraday levels. Where the price remains stable below $93.50 support, as confirming signal by breaking main bullish trend line on short-term basis, besides the negative pressure due to its trading below EMA50.

On the other hand, we notice the beginning of a positive crossover in the relative strength indicators after reaching deeply oversold levels, which has helped the price maintain temporary stability as it attempts to ease some of this oversold condition.

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.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above support at $205.90, targeting the first resistance level at $237.00.

Today’s price forecast: Bullish

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.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $69.45 remains intact, targeting the first support level at $62.90.

Today’s price forecast: Bearish

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.

Therefore we expect the stock price to decline during its upcoming trading sessions, especially if it breaks the aforementioned support at $72.10$, targeting its next support at $66.75$.

Today’s price forecast: Bearish