Coca-Cola Company (KO) declined in its latest intraday trading, breaking below its 50-day SMA, which has increased near-term negative pressure on the stock. This move comes alongside the emergence of a negative crossover on the RSI, reinforcing short-term weakness. However, the main bullish trend still dominates the medium term, with price action continuing to move alongside a supportive upward trendline, which limits the downside risk for now.

Therefore we expect the stock price to move higher in the upcoming trading, as long as it remains stable above the support level at $68.80, to target the resistance level at $71.30.

Today’s price forecast: Neutral

The price of (ETHUSD) declined slightly in the last intraday trading, preparing to break the current support at $2,935, affected by the negative pressure due to its trading below EMA50, with the dominance of minor bearish wave on the short-term basis and its trading alongside trend line, noticing the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions, to put more pressure on his upcoming move.

Brent crude oil’s prices rose in its last intraday trading, attacking the current resistance at $62.20, amid the dominance of the bullish corrective trend on the short-term basis, with ist continuous trading above EMA50, forming dynamic support that reinforces the stability of this positive track, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains temporarily.

BTCUSD’s price settles on a decline in its recent intraday trading, amid its trading below EMA50, forming dynamic resistance that increases the strength of the minor bearish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of negative signals on the relative strength indicators, after offloading its oversold conditions previously.