Brent crude oil prices keeps its gains during recent intraday trading, supported by the emergence of positive signals from the relative strength indicators, despite reaching overbought levels, on the other hand the negative and dynamic pressure that is represented by its trading below EMA50 continues, which might obstruct the upside moves, especially with the dominance of bearish corrective wave on the short-term basis.

Ripple (XRPUSD) price recorded a decline in its latest intraday trading, amid the dominance of the main short-term bearish trend as it moves alongside a trendline supporting this path. This is in addition to continued negative and dynamic pressure from trading below its 50-day SMA, which reduces the chances of a price recovery in the near term, especially with a negative divergence beginning to form in the Stochastic indicator after reaching overbought levels that are excessive relative to price action, as negative signals start to emerge.

Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, as long as resistance at $1.3535 remains intact, targeting the key support level at $1.2770.

Today’s price forecast: Bearish

Comcast Corporation (CMCSA) stock price declined in its latest intraday trading, after succeeding in easing its oversold conditions according to the Stochastic indicator. These indicators have now entered overbought levels that are excessive relative to price action, in a clear sign of a loss in the positive momentum surrounding the stock. This occurs amid the dominance of a steep short-term bearish minor wave, with continued negative pressure from trading below its 50-day SMA.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $29.30 remains intact, targeting the first important support level at $27.35.

Today’s price forecast: Bearish

Honeywell International Inc. (HON) stock price edged lower in its latest intraday trading, after coming into contact with resistance at its 50-day SMA. This allows the stock to take profits from its previous gains and attempt to gain positive momentum that could help it resume its strong gains and overcome this pressure. Additionally, the stock needs to ease some of its clear overbought conditions according to the Stochastic indicator, amid the dominance of the main short-term bullish trend.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as support at $227.65 remains intact, targeting the key resistance level at $245.00.

Today’s price forecast: Bullish