Cisco Systems’ stock price extended the gains in latest intraday levels, boosted by positive signals from the Stochastic, however, it reached overbought levels, indicating the weakness of that positive momentum, especially amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA.

Therefore we expect the price to decline and target the support of $52.00, provided the resistance of $58.45 holds on.

Today’s price forecast: Bearish

Ethereum price rose in its last intraday trading, supported by the positive signals on the (RSI), after reaching oversold levels, with its trading above EMA50, affected by the domination of the bullish correctional trend on the short-term basis, and its trading alongside trend line, to attack the stubborn key resistance at $1,800.

Bitcoin price (BTCUSD) rose strongly in its last intraday trading, taking advantage of the continuous positive support, due to its trading above its EMA50, with the appearance of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the main bullish trend and its trading alongside trend line. 

Brent crude oil price declined in its last intraday trading, but it still leaning on the support of its EMA50, which kept the stability of the price in the last period, affected by a formed technical pattern on the short-term basis, which is the rising wedge pattern, with the beginning of negative signals appearance on the (RSI), after reaching exaggerated overbought levels compared to the price move, which represents signal for the beginning of forming negative divergence.