City Group price touches SMA resistance - Forecast today - 26-06-2024
City Group’s stock price © inched up in the intraday levels, boosted by positive signals from the RSI and touching the resistance of the 50-day SMA, amid the dominance of the downward correctional wave in the short term, while recently hurt by piercing the upward medium-term trend line, as the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the important support of $56.75, provided the resistance of $63.90 holds on.
Trend forecast: Likely Bearish
Lyft price readies to pierce current support - Forecast today - 26-06-2024
Lyft’s stock price returned lower in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, after attempting to vent off oversold saturation in the RSI as positive signals stream out of them.
We now expect more losses for the stock, targeting the support of $11.70, provided the support of $13.37 is reliably breached.
Trend forecast: Bearish
Brent oil price forecast update 26-06-2024
Brent Oil Price Analysis
Expected Scenario
- Brent oil price shows additional positive trades to approach the 86.00$ barrier, which supports the continuation of the expected bullish trend for today, motivated by stochastic positivity, and we believe that the way is open to achieve our main waited target at 87.67$, reminding you that the continuation of the bullish wave depends on the price stability above 84.77$.
Expected Trading Range
Between 84.00$ support and 87.00$ resistance.
Trend Forecast: Bullish
Crude oil price forecast update 26-06-2024
Crude Oil Price Analysis
Expected Scenario
- Crude oil price managed to breach 81.50$ level and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend efficiently for the rest of the day, opening the way to achieve our positive targets that start at 82.25$ and extend to 83.90$.
- The price needs to hold above 81.50$ to guarantee the continuation of the bullish wave and not turning to decline.
Expected Trading Range
Between 80.30$ support and 83.20$ resistance.
Trend Forecast: Bullish