Goldman Sachs Group’s stock price (GS) rallied in the intraday levels after leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the short term.

The gains are accompanied by a surge in trading volumes, and positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $420.76, provided the support of $389.44 holds on

Expected trading range: between the support of $389.44 and the resistance of $420.76.

Trend forecast: Likely Bullish 

Brent Oil Price Forecast

• Brent oil price finds solid resistance at 90.90$, to show negative trades and test the EMA50 that forms key minor support at 90.00$, and the price needs to hold above this level as a first condition to the continuation of the expected bullish trend for today, which its next target located at 93.40$.
• On the other hand, we should note that breaking 90.00$ followed by 89.20$ levels will put the price under more negative pressure to head towards visiting 87.40$ areas on the near-term basis.

The expected trading range for today is between 89.00$ support and 92.80$ resistance.

Trend forecast: Bullish

Crude Oil Price Forecast

• Crude oil price trades negatively to press on 85.45$ support line, which urges caution from the upcoming trading, as confirming the break and holding below this level will push the price to turn to decline for the rest of the day and head towards 83.30$ mainly, while the price needs to consolidate above the mentioned support to revive the bullish trend that its next target located at 87.60.$.

The expected trading range for today is between 84.50$ support and 87.00$ resistance

Trend forecast: Bullish

Silver Price Forecast

• Silver price faces clear negative pressure now, to approach the key support 28.00$, which urges caution from the upcoming trading, as breaking this level will complete forming negative pattern that has the ability to push the price to achieve bearish correction that targets testing 26.90$ direct.
• Until now, the bullish trend scenario still valid unless breaking 28.00$ and holding below it, reminding you that the next main target of the current bullish wave is located at 29.80$.

The expected trading range for today is between 28.00$ support and 29.00$ resistance.

Trend forecast: Bullish