Amazon.com, Inc. (AMZN) stock price recorded a decline in its latest intraday trading after managing to ease its oversold conditions on the Stochastic indicator, which adds to the surrounding negative pressure. The stock remains under the dominance of a short-term corrective bearish trend, following the break of a main bullish trendline, in addition to continued negative pressure as it trades below its 50-day SMA, reducing the chances of a near-term recovery.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $220.00 remains intact, targeting the support level at $196.00.

Today’s price forecast: Bearish

The price of (ETHUSD) settles on losses in its last intraday trading, getting ready to break our expected target in our previous analysis at $1,800 key support, amid the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.

Brent prices declined in their last intraday trading, amid the dominance of the main bullish trend on short-term basis, supported by its continuous trading above EMA50, to attempt to gain bullish momentum that might help it to recover and rise again, especially with its moves alongside supportive trend line for this path.

Brent prices declined in their last intraday trading, amid the dominance of the main bullish trend on short-term basis, supported by its continuous trading above EMA50, to attempt to gain bullish momentum that might help it to recover and rise again, especially with its moves alongside supportive trend line for this path.