BlackRock, Inc. (BLK) stock price recorded a decline in its latest intraday trading, amid negative pressure from trading below its SMA50, alongside continued negative signals from the RSI despite the indicator reaching deeply oversold levels. The recent move also pushed the stock below a main medium-term upward trend line, exposing it to additional downside pressure.

Therefore we expect the stock price to decline in upcoming trading, as long as it remains below the $1,088.55 resistance level, to target the key support at $990.55.

Today’s price forecast: Bearish

The price of (ETHUSD) declined in its last intraday trading, due to the stability of $2,155 resistance, to surrender to the negative pressure, amid the dominance of the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative signals from relative strength indicators.

Brent prices witnessed strong gains in their last intraday trading, due to its leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, surpassing the negative pressure of EMA50, in a significant step to recover and extend the intraday gains, especially with the emergence of positive signals from relative strength indicators.

BTCUSD price declined in its last intraday trading, due to the stability of the key resistance at $71,500, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and dominance of the main bearish trend on short-term basis, besides the emergence of negative signals from relative strength indicators, intensifying the negative pressure on the price.