Clorox Company (CLX) stock rose in its latest intraday trading, after previously managing to ease its clear overbought conditions on the RSI, especially as negative signals started to appear. The stock had earlier broken a main short-term downtrend line, while also benefiting from dynamic support from trading above its 50-day SMA, which enhances the chances of further gains.
Therefore, we expect the stock to rise in its upcoming trading, as long as it remains above 122.55, targeting the key resistance level of 132.00.
Today’s price forecast: Bullish.
The (BTCUSD) price declined in its last intraday trading, due to the stability of the critical resistance at $117,000, looking for rising low to take it as a base that might help it to gain the required bullish momentum to attack this resistance, and it attempts to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line.
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The (crude oil) witnessed fluctuated moves on its last intraday levels, with its attempts to gains bullish momentum that might help it to recover and rise again, the price managed to offload some of its overbought conditions on the relative strength indicators, opening the way for achieving new gains, amid its affection by positive technical formation on the short-term basis(double top pattern).
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The (Gold) price recovered in its last intraday levels, preparing to attack the main resistance level at $3,700, supported by forming bullish divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared by the price movement, with the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis.
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