ConocoPhillips (COP) stock price recorded sharp gains in its latest intraday trading, as at the time of writing the stock rose by $5.60 in pre-market trading to settle at $102.40. This move confirms a breakout above the key resistance level at $99.65, which had been our price target in previous analyses, amid continued dynamic support from trading above its SMA50 and under the control of the main short-term upward trend, with prices moving along a supportive trend line.

Therefore we expect the stock price to continue rising in upcoming trading, especially if the breakout above the $99.65 resistance level is confirmed, to target the next resistance at $108.00.

Today’s price forecast: Bullish

AT&T Inc. (T) declined in its latest intraday trading after colliding with resistance at its 50-day SMA, which exposed the stock to mounting negative pressure. This pressure intensified with the emergence of negative signals from the RSI after reaching severely overbought levels, exaggerated relative to price action, while the main bearish trend continues to dominate the short term.

Therefore we expect the stock price to decline in the upcoming trading sessions, as long as resistance at $25.00 holds, to target the key support level at $24.00.

Today’s price forecast: Bearish

The price of (ETHUSD) rose in the last intraday trading, amid the dominance of minor bullish wave on the short-term basis, with its trading alongside supportive trend line for this trend, taking advantage of the continued positive pressure due to its trading above EMA50, besides the emergence of the positive signals from the relative strength indicators, reinforcing the chances of extending the gains on the near-term basis.

Brent crude oil’s prices rose in its last intraday trading, due to the stability of the support level at $59.95, this support was our morning expected target, attempting to offload its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, reaching the resistance of EMA50, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside minor trend line for this trend.