US crude oil price settled higher in latest intraday trading after reaching our price target of $70.000, bouncing off it lower amid negative signals from the Stochastic after reaching overbought levels in a contradiction to the price’s action, thus forming a negative divergence, which could boost the negative scenario.
It comes amid the dominance of the upward correctional trend as the price moves alongside the trend line, with ongoing positive pressure due to trading above the 50-candle SMA.
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Brent crude price advanced in latest intraday trading, settling above the important resistance of $73.60 in a confirmation of its breach, amid the dominance of the upward correctional trend in the short term as the price settles alongside the trend line, coupled with positive support due to trading above the 50-candle SMA.
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Bitcoin price extended its gains in latest intraday trading, while leaning on the upward correctional trend line in the short term, as it also leaned on the support of the 50-candle SMA, doubling positive pressure on the price as positive signals stream out of the Stochastic after reaching oversold levels, bolstering the positive outlook.
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Ethereum price edged higher in latest intraday trading after testing the upward correctional trend line in the short term, while leaning on the support of the 50-candle SMA, forming a strong positive are that underpinned the price, while a positive divergence is about to form in the Stochastic after reaching oversold levels compared to the price’s movements, sending out positive signals.
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