International Seaways’ stock price (INSW) fell in latest intraday trading amid the dominance of the upward correctional wave in the short term, while previously buoyed by piercing the main downward trend line in the medium term, as the price is also boosted by trading above the 50-day SMA, while trying to vent off overbought saturation in the Stochastic as negative signals emerged from it.
Therefore we expect the price to rise and target the pivotal resistance of $42.00, provided the support of $35.00 holds on.
Today’s price forecast: Bullish
The price of (ETHUSD) declined in its recent intraday trading, gaining its last rises to attempt to offload some of its clear overbought signals on the (RSI), with the emergence of the negative signals, gathering its positive strength that might assist it to recover and rise again, amid the main bullish trend domination and its trading alongside a minor bias on the short-term basis.
The price of (Bitcoin) declined in its recent intraday trading, affected by the stability of the resistance level at $106,000, attempting to gain positive momentum that might assist it to breach this resistance, and the price attempts to offload some of its clear overbought conditions on the (RSI), with the emergence of the negative signals from them, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The price of (Brent) leaned on the support of its bullish correctional trend line on the short term basis, in a fluctuated trading and attempting to gain positive momentum that might assist to recover and rise again, especially with its lean on the support of its EMA50, noticing the beginning of the negative signals appearance on the (RSI), which decreases its last gains.