Coinbase Global’s stock price (COIN) extended its gains in the intraday levels, amid the dominance of the main upward trend in the medium and short terms, with positive pressure due to trading above the 50-day SMA, while venting off overbought saturation in the RSI.
Therefore we expect more gains for the stock, targeting the resistance of $368.40, provided the support of $283.50 holds on.
Trend forecast for today: Bullish
Lumen Technologies’ stock price (LUMN) fell in the intraday levels, amid negative signals from the RSI, while seeking a bottom to bounce it higher anew, amid the dominance of the upward short-term trend, with positive pressure from trading above the 50-day SMA.
Therefore we expect the stock to return higher and target the resistance of $10.33, provided the support of $7.83 holds on.
Trend forecast for today: Likely Bullish
Brent oil price faces negative pressure to test the EMA50, noting that breaking the minor support at 72.90$ will force the price to continue the decline and test 72.06$ areas before any new attempt to rise.
Therefore, it is important to monitor the price according to the key levels represented by 72.90$ support and 73.90$ resistance, as breaching them represents the key to detect the next trend clearly, noting that breaching the mentioned resistance is required to motivate the price to rally towards the next positive target at 75.36$.
The expected trading range for today is between 72.20$ support and 75.20$ resistance.
Trend forecast: Bullish
Crude oil price trades with clear negativity now to test the key support 68.64$, which urges caution from the upcoming trading, and the price needs to hold above this level to keep the expected bullish trend valid for today, as breaking it will put the price under additional negative pressure that its targes begin by testing 67.30$ areas, while the price needs to get positive motive that assist to rally towards the next positive target of the expected bullish wave around 70.58$.
The expected trading range for today is between 68.00$ support and 71.00$ resistance
Trend forecast: Bullish