Mccormick & Company’s stock price (MKC) returned higher in the intraday levels, amid the dominance of the upward correctional trend in the medium term, with the stock buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels, thus tackling the current resistance of $83.48.
Therefore we expect more gains for the stock, provided the resistance of $83.48 was reliably breached, thus targeting the pivotal resistance of $90.45.
Trend forecast: Bullish
Ethereum price (ETHUSD) fluctuates around the bearish trend line, and stochastic continues to provide the negative signals, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 2360.00$, while its next main targets located at 2168.74$ and extend to 2000.00$.
The expected trading range for today is between 2200.00$ support and 2440.00$ resistance.
Trend forecast: Bearish
Bitcoin price (BTCUSD) settles above 56160.00$ level, to keep the bullish trend scenario active for today, waiting to gather positive momentum that assist to push the price to achieve our targets that start at 58480.00$ followed by 60326.70$, reminding you that it is important to hold above 56160.00$ to achieve the suggested targets.
The expected trading range for today is between 55000.00$ support and 58500.00$ resistance.
Trend forecast: Bullish
Brent oil price trades with clear negativity to test the critical support 71.16$, which makes us prefer to stay aside especially that stochastic provides negative signals that might push the price to break the mentioned support and open the way to continue the decline on the intraday and short term basis.
Note that confirming the break will lead the price to visit 70.00$ barrier direct, while breaching 72.40$ will push the price to recover and achieve gains that start by testing 73.56$.
The expected trading range for today is between 70.00$ support and 72.70$ resistance.
Trend forecast: Neutral