General Electric Company (GE) declined in its latest intraday trading under the dominance of a short-term corrective downward wave, with continued negative pressure from trading below its previous 50-day SMA. In addition, we note the early emergence of a negative crossover on the RSI indicators after the stock successfully relieved its oversold saturation, which increases the bearish pressure expected in the coming period.

Therefore we expect the stock to decline in its upcoming trading, especially as long as it remains below the resistance level of $291.50, targeting the support level of $263.80.

Today’s price forecast: Bearish

General Mills (GIS) declined in its latest intraday trading under the dominance of the main medium-term descending trend, with the price moving alongside a supporting trendline. Continued negative pressure persists from trading below its previous 50-day SMA, putting the stock in position to test and potentially break the pivotal support level of $45.80. However, we also note the early emergence of a positive crossover on the RSI indicators after they reached extremely oversold levels, which may limit the stock’s upcoming losses.

Therefore we expect the stock to decline in its upcoming trading, especially if it breaks the mentioned support at $45.80, targeting thereafter the next support level at $43.80.

Today’s price forecast: Bearish

Occidental Petroleum Corporation (OXY) declined slightly in its latest intraday trading after the stock collided with the resistance of its previous 50-day SMA, as it attempts to acquire positive momentum that may help it overcome its negative pressure. This comes under the dominance of a short-term corrective ascending trend, with the price moving alongside a supporting trendline, accompanied by positive signals from the RSI indicators.

Therefore we expect the stock to rise in its upcoming trading, but only if it first breaks the resistance level of $43.45, targeting thereafter its next resistance at $46.00.

Today’s price forecast: Neutral

The price of (ETHUSD) extended its gains in its last intraday trading, settled above the key support at $3,090, reinforcing the dominance of the bullish corrective trend on the short-term basis, especially with its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.