Baker Hughes Company’s stock price (BKR) advanced in latest intraday trading, preparing to attack the pivotal resistance level of $40.38 amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line. The move is supported by continued trading above the 50-day SMA, along with positive signals streaming from the Stochastic, despite it remaining in overbought territory.

Therefore we expect the stock to rise in upcoming trading, especially if it breaches the resistance of $40.38, targeting the next resistance at $44.00.

Today’s price forecast: Bullish

The price of (ETHUSD) declined in its recent intraday levels, gathering the gains of its last rises, attempting to offload its clear overbought conditions, especially with the emergence of negative overlapping signals, amid the dominance of strong bullish wave on the short-term basis and its trading alongside a bias line.

The price of (BTCUSD) continues the rise in its intraday levels, recording new historical levels where it reached our morning target at $118,000, to bounce back in a truce to catch its breath, attempting to gather the gains on its previous rises, and attempting to offload its clear overbought conditions on the (RSI), with the beginning of negative overlapping signals on them, gathering its positive strength that might assist it to rise again and breaching this resistance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

The price of (Brent) rose in its last intraday levels, with the beginning of positive divergence on the (RSI), after reaching oversold levels, with the beginning of the positive signals emergence from there, amid the price trading alongside a minor bullish trend line on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50.