GitLab (GTLB) stock price recorded further decline in its latest intraday trading, under full control of the main bearish trend on the medium term, while moving along both major and minor trend lines supporting that path. The stock remains under negative pressure as it continues to trade below its 50-day SMA, with negative signals still coming from momentum indicators, despite reaching heavily oversold levels.

Therefore we expect the stock price to decline in upcoming trading sessions as long as it remains below the $33.00 resistance level, targeting the next support at $24.00.

Today’s price forecast: Bearish

The (BTCUSD) price continues its fluctuating trading on its last intraday levels, with the emergence of negative signals from relative strength indicators, under the dominance of the main bearish trend on short-term basis, and the price is under negative pressure due to its trading below EMA50, reinforcing the likelihoods of the price decline on near-term basis.

The (crude oil) price surged higher in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, surpassing the resistance of EMA50, to surpass its negative pressure to turn our bearish scenario into bullish scenario, with the dominance of the main bullish trend on short-term basis.

Gold price witnessed strong gains on its last intraday levels, to reach the resistance of EMA50, accompanied by testing psychological main resistance at $5,000, therefore the negative pressures remain on the price, especially with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move.