BlackRock, Inc (BLK) stock rose in its latest intraday trading, successfully breaking through the key resistance level of 1,168.35$, supported by ongoing dynamic strength from trading above the previous 50-day SMA. The main short-term trend remains bullish, with trading along an ascending line that reinforces this direction. In addition, positive signals have started to appear from the relative strength indicators after reaching oversold areas.
Therefore, we expect the stock to rise in its upcoming trading sessions, especially as long as it remains above 1,168.35$, targeting the first resistance level at 1,275.40$.
Today’s stock forecast: Bullish.
The price of (ETHUSD) rose in its last intraday trading, attempting to offload its clear oversold conditions on the relative strength indicators, with the emergence of the positive signals from there, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability of the dominant bearish track on the short-term trading.
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Bitcoin (BTCUSD) prices fluctuated on their last intraday levels, after reaching our morning expected target at $109,500, gaining some bullish momentum that helped it to bounce higher, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, amid the dominance of the bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50.
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Brent crude oil prices rose in their last intraday trading, retesting the resistance at $62.35 level, supported by the emergence of the positive signals on the relative strength indicators, which helped the price to settle against the negative pressures.
The main trend remains dominant on the intraday trading and its trading alongside trendline, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of its sustainable recovery in the upcoming period.
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