Intel Corporation (INTC) came under renewed selling pressure in recent intraday trading as the stock declined sharply amid the emergence of bearish signals from momentum indicators. The latest decline has pushed the stock below a key short-term ascending trendline, placing it under increased downside pressure. The stock has also broken below its 50-day Simple Moving Average (SMA), further reinforcing the bearish outlook and increasing the likelihood of deeper losses in the near term.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $125.65 remains intact. Under this scenario, the stock is expected to target the key support level at $98.35.

Today's price forecast: Bearish.

Ethereum (ETHUSD) settles with series of consecutive losses in its last intraday trading, attempting to look for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, leaning on EMA50, amid the dominance of the main bullish trend on the short-term basis, noticing the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, to indicate forming positive divergence that reinforces the chances of the recovery in the near upcoming period.

Brent crude oil surged higher after breaching $75.00 resistance, under the dominance of bullish corrective wave, indicating the strength of this trend, with a positive support due to its trading above EMA50, which represents a base that reinforces the chances of extending the gains in the upcoming near period, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.

The price of Bitcoin slipped lower in its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, reaching oversold levels, exaggeratedly compared to the price move, leaning on EMA50’s support, as a last chance for gaining the required bullish momentum to recover and rise again, amid the dominance of the bullish corrective trend on the short-term basis.