Adobe Inc. (ADBE) rose in its latest intraday trading, supported by its breakout above a short-term descending trendline. The stock is also benefiting from dynamic support as it continues to trade above its 50-day SMA. However, we note the start of negative signal inflows from the RSI indicators after reaching extremely overbought levels, which could weigh on the stock’s upside in the near term.

Therefore we expect the stock to rise in its upcoming trading, especially as long as it remains above the support level at $332.00, targeting the pivotal resistance level at $404.50.

Today’s price forecast: Bullish

The price of (ETHUSD) rose slightly in the last trading on the intraday basis, attempting to recover some previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals from them, affected by breaking bullish corrective trend line on the short-term basis.

Bitcoin (BTCUSD) prices rose in their last intraday trading, due to the stability of the key support at $85,500, gaining some bullish momentum to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the dominance of the main bearish trend and its trading alongside minor trend line on the short-term basis, and there is negative pressure due to its trading below EMA50, reducing the chances of the price recovery on the near-term basis.

Brent crude oil’s price witnessed big losses in its recent intraday trading, affected by its trading within minor bearish channel that limited its previous trading below EMA50, besides the emergence of negative signals on the relative strength indicators, after reaching overbought levels, intensifying this pressure on the price.