Goldman Sachs’ stock price (GS) rallied in the intraday levels, shaking off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium term, and accompanied by a surge in trading volumes, as the stock tries to tackle the pivotal resistance of $611.90, while managing to vent off overbought saturation in the RSI with positive signals streaming out of it.
Therefore we expect more gains for the price, provided the resistance of $611.90 was breached, targeting the next one at $654.54.
Trend forecast for today: Bullish
Ethereum price (ETHUSD) faces negative pressure to head towards potential test to the key support line 3222.00$, affected by stochastic negativity, noting that consolidating above this support will keep the chances valid to continue the bullish trend in the upcoming sessions, which its targets begin by breaching 3425.50$ to head towards 3570.00$ followed by 3680.00$ levels.
On the other hand, we should note that the continuation of the decline and breaking 3222.00$ will force ther price to suffer additional losses and open the way to visit 3017.30$ areas initially.
The expected trading range for today is between 3250.00$ support and 3520.00$ resistance.
Trend forecast: Bullish
Bitcoin price (BTCUSD) shows some slight bearish bias affected by stochastic negativity, and as we mentioned this morning, the price needs to hold above 98500.00$ as a first condition to the continuation of the expected bullish trend for today and guarantee not turning to decline on the intraday basis, waiting to get positive motive that push the price to achieve our next main target that reaches 103500.00$.
The expected trading range for today is between 98000.00$ support and 103000.00$ resistance.
Trend forecast: Bullish
Brent oil price is testing the key support base 81.90$ now, which urges caution from the upcoming trading, as the price needs to consolidate above this level as a first condition to the continuation of the expected bullish wave for today, as breaking it represents the key to suffer additional losses that reach 80.45$.
The bullish channel organizes the suggested bullish wave, reminding you that our targets begin at 83.20$ and extend to 84.50$.
The expected trading range for today is between 81.20$ support and 84.20$ resistance.
Trend forecast: Bullish