Deere & Company (DE) stock declined in its latest intraday trading, as the short-term corrective bearish trend remains in control. Negative pressure also continues from trading below its previous 50-day SMA, while a negative crossover has begun to appear in the Stochastic indicators after reaching strongly overbought levels, exaggerated relative to the stock’s movement.
Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 495.00 holds, to then target the support level of 447.65.
Today’s price forecast: Bearish.
The price of (ETHUSD) rose in its last intraday trading, supported by its trading above EMA50, gaining renewed bullish momentum that helped it to achieve these gains, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels, amid the dominance of minor bullish wave on an intraday basis.
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The price of (BTCUSD) witnessed mixed trading in its last intraday levels, gathering its positive strength that might help it to resume its solid rise, and attempt to offload its clear overbought conditions on the (RSI), supported by its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line.
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Crude oil prices declined slightly in their last intraday trading, due to the stability of the critical resistance at $67.45, surpassing the support of its EMA50, and puts it under negative pressure again, intensifying the emergence of the negative signals on the (RSI), after reaching overbought levels, which shrinks the chances for the price recovery on its upcoming trading.
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