Crude oil prices (Crude Oil) have dropped in recent intraday trading, as negative signals from the relative strength indicators have started to appear again. This follows the price’s success in surpassing its previous overbought conditions, amidst the dominance of the main downward trend in the short term.

Gold price has declined in its recent intraday trading, following the stability of the psychological resistance level at $3,000. This is amidst the dominance of a short-term corrective downward wave, with continued negative pressure due to trading below the EMA50.

The EURUSD pair declined in its last intraday trading, to clear most of its early gains, and settling below 1.0945, this is amidst the continued dominance of a corrective downward wave and its trading along a trend line on the intraday levels, after the price attempted to offload some of its clear oversold condition on the (RSI).

Alphabet’s stock price (GOOG) was in free fall in latest intraday trading, amid negative signals from the Stochastic, with the price reaching the pivotal support of $148.20, hurt by piercing the main upward trend line previously in the medium term, while continuing to trade below the 50-day SMA.

 
A breach of the pivotal support of $148.20 would bolster the downward trend in upcoming trading, thus targeting the first support at $131.55.

Today’s price forecast: Bearish