ConocoPhillips’ stock price (COP) skidded in latest intraday trading, amid the dominance of the main downward trend in the medium term, as the price trades alongside the short-term secondary trend line, with negative pressure from the Stochastic despite reaching overbought levels, coupled with ongoing negative pressure due to trading below  the 50-day SMA.

Therefore we expect more losses for the price, targeting the pivotal support of $79.90, as long as the resistance of $92.65 holds on.

Today’s price forecast: Bearish

The price of (ETHUSD) continued the rise in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels, with the continuation of the dynamic support by its trading above it’s EMA50, amid the dominance of the main bullish trend on the short- term basis.

The price of (BTCUSD) settled on a rise in its recent intraday trading, after it managed to record new historical level in its early trading, but it is attempting to gather the gains of its previous rises, and attempts to offload its clear overbought conditions on the (RSI), but it remains stable above the psychological resistance level at $110,000, indicating its momentum to resume the bullish track.

The price of (Brent) continued the decline in its recent intraday trading, breaking the support level at $61.20, affected by exiting a bullish correctional channel’s range on the short-term basis, and there is a continuous positive pressure due to its trading below its EAM50, and the price is attempting to offload some of its clear oversold conditions on the (RSI), noticing the beginning of the positive signals emergence, which might decelerate the price upcoming losses.