Exxon Mobil Corporation (XOM) stock price continued to rise in its latest intraday trading, supported by its continued trading above the 50-day SMA, and under the dominance of the main bullish trend in the medium and short term, with price moving alongside a minor trendline supporting this path. In addition, the RSI continues to deliver positive signals after previously reaching extremely oversold levels.
Therefore we expect the stock price to rise during its upcoming trading sessions, targeting the nearby key resistance level at $159.60, with strong potential to break above it.
Today’s price forecast: Bullish
The price of (ETHUSD) rose higher in its last intraday trading, surpassing the resistance level at $2,260, this resistance represented a potential target in our morning analysis for today, benefited by its continuous trading above EMA50, reinforcing the stability of the bullish corrective trend on short-term basis, besides the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.
Brent prices declined in their last intraday trading, attempting to offload some of its overbought conditions from the relative strength indicators, especially with the emergence of the negative signals from them, to gather its positive strength that might help it to keep the main bullish trend on the short-term basis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, to keep this path stability.
BTCUSD price keeps its gains in its last intraday trading, witnessing fluctuations to attempt to gain some bullish momentum that might help it to breach $74,00 key resistance, amid the continuation of the positive support due to its trading above EMA50, under the dominance of the bullish corrective trend on short-term basis, with its trading alongside main and minor trend line, noticing the emergence of the positive signals from the relative strength indicators.