COSTCO WHOLESALE CORPORATION (COST) shares declined in their latest intraday trading, as negative signals continued to appear on the Relative Strength Indicators, despite reaching oversold levels. This comes alongside persistent bearish pressure from trading below the 50-day simple moving average, reinforcing the dominance of the short-term downtrend, especially as price action moves along a supporting descending trendline.

Therefore, we expect the stock’s price to decline in the upcoming sessions, as long as resistance at 925.00 dollars remains intact, targeting the key support level at 867.35 dollars.

Today's price forecast: Bearish

The price of (ETHUSD) declined in its last intraday trading, after its attempts to recover previous losses, supported by the emergence of the positive signals on the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside bearish trend line, indicating the volume and strength of the bearish momentum of the price.

Bitcoin (BTCUSD) prices declined during their last intraday trading, after reaching overbought levels by the relative strength indicators, amid the continuation of the dynamic pressure that comes from its trading below EMA50, which reduces the chances of sustainable recovery on a near-term basis, and its trading alongside trend line.

Brent crude oil price surged higher in the last intraday trading, reaching the resistance of its EMA50, amid the domination of the main bearish trend and its trading alongside supportive minor trend line for this track, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there.