The losses bleeding in Brent crude oil prices continued at their last intraday levels, with the continuation of the negative pressure due to its trading below EMA50, with the emergence of the negative signals on the relative strength indicators, besides the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for the bearish track.

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General Electric Company (GE) resumed its rise in its latest intraday trading, supported by continued trading above the 50-day simple moving average, which reinforces the stability of the prevailing upward trend. The stock continues to move along a short-term ascending trendline supporting this trajectory. In addition, a positive crossover is beginning to appear on the RSI after reaching heavily oversold areas.

Therefore, we expect the stock to rise in upcoming trading sessions, as long as it remains above the 281.50 support level, targeting the key resistance level of 307.25 in preparation to test it.

Today’s price forecast: Bullish.

General Mills (GIS) declined in its latest intraday trading, under continued negative pressure as it remains below the 50-day simple moving average. The stock appears ready to break the key support level of 48.30, with the medium-term downtrend still dominating its movement. Meanwhile, the RSI continues to show negative signals, despite reaching heavily oversold areas.

Therefore, we expect the stock to fall in upcoming trading sessions, especially if it breaks below the mentioned support level of 48.30, targeting the next support at 46.35.

Today’s price forecast: Bearish.

Occidental Petroleum Corporation (OXY) rose slightly in its latest intraday trading, attempting to recover part of its previous losses. However, the stock remains pressured after breaking a short-term corrective uptrend line earlier, while continuing to trade below the 50-day simple moving average, which reinforces the prevailing bearish momentum. In addition, the RSI shows ongoing negative signals despite reaching heavily oversold areas.

Therefore, we expect the stock to decline in upcoming trading sessions, especially if it breaks below the key support level of 42.35, targeting the next support at 40.15.

Today’s price forecast: Bearish.