Intel Corporation (INTC) stock price recorded further gains in its latest intraday trading, benefiting from dynamic support represented by trading above its SMA50, which reinforces the strength and dominance of the main short-term upward trend, with price action moving along a supportive trend line. In addition, positive signals continue to emerge from the RSI after the stock managed to unwind its overbought conditions.

Therefore we expect the stock price to rise in upcoming trading, to target the nearby and main resistance at $50.00, while this positive scenario remains valid as long as the $44.00 support level holds.

Today’s price forecast: Bullish

Broadcom Inc. (AVGO) stock price recorded a decline in its latest intraday trading, after colliding with the resistance of its SMA50, amid the dominance of a short-term corrective downward wave. The stock is also affected by breaking below a previously dominant short-term main upward trend line, while a negative crossover has begun to appear on the RSI after it reached extremely overbought levels in an exaggerated manner compared to price action, suggesting the start of a negative divergence formation.

Therefore we expect the stock price to decline in upcoming trading, as long as the $359.40 resistance level remains intact, especially if it breaks below the key support at $324.50, to target the next support at $287.00.

Today’s price forecast: Bearish

The price of (ETHUSD) recovered with strong rise in its last intraday trading, due to the stability of the support level at $3,300, gaining bullish momentum that helped it to achieve these gains, with the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside trendline.

Brent crude oil’s prices declined in its last intraday trading, within corrective move to use it as a base to look for a new rising low that might help it to rebuild the bullish momentum and resume the recovery and rise in the upcoming period.

This comes amid the continuation of the dynamic support that is represented by the trading above EMA50, reinforcing the chances of recovery on a near term basis, accompanied by the relative strength indicators reach exaggerated oversold levels compared to the price move, after offloading the previous overbought conditions, which supports the likelihoods of a potential bullish rebound.