EXXON MOBIL CORPORATION (XOM) shares declined slightly in their latest intraday trading, after the key resistance level at 119.90 dollars held firm. The stock is attempting to gather positive momentum that may help it break above this barrier, while at the same time trying to unwind its overbought readings on the Relative Strength Indicators, especially with negative signals beginning to appear. This comes alongside continued dynamic support from trading above the 50-day simple moving average, with price action moving along an ascending trendline in the short term, which enhances the stock’s recovery prospects.

Therefore, we expect the stock’s price to rise in the upcoming sessions, especially if it breaks the mentioned resistance at 119.90 dollars, targeting thereafter the next key resistance at 126.35 dollars.

Today's price forecast: Bullish

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.