Fortinet’s stock price (FTNT) fell in latest intraday trading, trespassing the support of the 50-day SMA and exposing the stock to more negative pressure, amid negative signals from the Stochastic after reaching overbought levels, and amid the dominance of the downward correctional wave in the short term.

Therefore we expect the price to decline and target the support of $91.25, provided the psychological resistance of $100.00 holds on.

Today’s price forecast: Bearish

The price of Ethereum (ETHUSD) recovered in its recent intraday trading, to attempt to breach its current resistance at $2,540, supported by the beginning of forming a positive divergence on the (RSI), with the beginning of the positive signals amid emergence, due to the dominance of the main bullish trend on the short-term basis.

The price of Bitcoin (BTCUSD) rose in its recent intraday trading, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside the bias line, but the negative signals keep emerging on the (RSI), which forced the price to shrink some of its early losses, noticing that it reached exaggerated oversold levels compared by the price current move.

The price of brent crude oil extended continued the rise in its recent intraday trading, amid the dominance of the bullish correctional trend on the short-term basis, to succeed in breaching our morning target at $64.90 level, to settle above it confirming this breach technically, after it succeeded in offloading its clear overbought conditions on the (RSI) in its previous trading, and the positive signals return again.