Forecast update for Brent -21-07-2026

The price of Bitcoin continued to rise in its last intraday trading, with the dominance of the bullish trend on the short-term basis, with its trading alongside supportive trend for this path, besides the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels, benefiting from positive support due to its trading above EMA50, which represents a dynamic support that reinforces the chances of extending these gains in the near upcoming period.

Zscaler Inc. (ZS) traded within a narrow range during recent intraday trading, as the stock came under pressure from bearish signals generated by momentum indicators after they reached extremely overbought levels. This consolidation appears to be allowing the stock to rebuild positive momentum that could support a renewed advance. The stock remains within a short-term bullish corrective trend and continues to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the prospects for further recovery.

ServiceNow (NOW) moved higher in recent intraday trading after finding support at its 50-day Simple Moving Average (SMA), allowing the stock to regain positive momentum and post fresh gains. The stock remains within a short-term bullish corrective trend, while this latest advance comes after successfully easing its previously overbought conditions on momentum indicators. Those indicators have now moved into deeply oversold territory relative to the stock's price action, suggesting that fresh positive momentum is building and could provide additional support for the current recovery.