|
Chevron price suffers from negative pressures- Forecast today- 21-05-2025
Chevron's price skidded in latest intraday trading amid the dominance of the downward trend in the short term, with ongoing negative pressure due to trading below the 50-candle SMA, coupled with negative signals streaming out of the Stochastic after reaching overbought levels.
Therefore we expect more losses for the price as long as the resistance of $143.70 holds on, targeting the pivotal support of $132.00.
Today’s price forecast: Bearish
Thanks for your feedback.
Forecast update for Ethereum-21-05-2025
The price of (ETHUSD) declined in its recent intraday trading, erasing its early gains to attempt to gain a positive momentum that might assist it to resume the bullish track on the short-term basis, leaning on the support of its EMA50, with the emergence of the positive signals on the (RSI).
MoreForecast update for Bitcoin-21-05-2025
The price of (BTCUSD) declined in its recent intraday trading, attempting to gain positive momentum that might assist it to recover and rise again, leaning on its current support at $102,000, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI).
MoreForecast update for Brent crude oil -21-05-2025
The price of (Brent) declined in its recent intraday trading, attempting to gain positive momentum that might assist it to reach the key resistance at $66.50, with the continuation of the positive pressure due to its trading above its EMA50, amid the dominance of the bullish correctional trend on the (RSI), despite reaching overbought levels.
More