Delta Air Lines, Inc. (DAL) stock price recorded a decline in its latest intraday trading, after coming into contact with resistance at its 50-day SMA. This coincided with a retest of a short-term bullish trendline that the stock had previously broken, doubling the negative pressure surrounding it, especially with negative signals emerging from the Stochastic indicator after reaching extremely overbought levels.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $69.45 remains intact, targeting the first support level at $62.90.

Today’s price forecast: Bearish

General Motors Company (GM) stock price stabilized with losses in its latest intraday trading, as it rests on the key support level at $72.10$ in preparation to break it. This occurs amid the dominance of a short-term corrective bearish wave, with continued negative pressure resulting from trading below its 50-day SMA. In addition, negative signals are emerging from the Stochastic indicator after forming a negative divergence as a result of reaching overbought levels that are excessive relative to price action, which adds more negative pressure surrounding the stock.

Therefore we expect the stock price to decline during its upcoming trading sessions, especially if it breaks the aforementioned support at $72.10$, targeting its next support at $66.75$.

Today’s price forecast: Bearish

Bitcoin (BTCUSD) declined slightly during recent intraday trading, due to the firmness of the key resistance level at $71,500. The price is attempting to take profits from its previous gains and gather positive momentum that may help it break through this resistance.

In addition, a negative crossover appeared on the relative strength indicators after reaching heavily overbought levels, prompting the price to ease some of this overbought condition. Amid the dominance of a minor short-term bullish trend still dominates, with continued positive pressure from trading above EMA50, reinforcing the chances of a near-term recovery.

Crude oil prices deepened their losses during recent intraday trading, affected by breaking a main short-term bullish trendline earlier today, alongside with negative pressure from trading below EMA50.

On the other hand, we notice the beginning of a positive crossover of the relative strength indicators after reaching deeply oversold levels. This helped limit recent losses and may lead to sideways fluctuations aimed at easing the oversold condition.