Mccormick & Company, Incorporated (MKC) stock price recorded further gains in its latest intraday trading, confirming the breakout of a main medium-term bearish trend line, which pushed the stock to challenge the key resistance at $70.00. The price continues to receive dynamic support from trading above the 50-day SMA, while momentum indicators have started to show a negative crossover, which may limit upcoming gains.

Therefore we expect the stock price to rise in upcoming trading, especially if it manages to break above the $70.00 resistance level, targeting the next resistance at $77.00.

Today’s price forecast: Bullish

The price of (ETHUSD) rose in its last intraday trading, amid the emergence of the positive signals from relative strength indicators, to reach overbought levels, exaggeratedly compared to the price move, to indicate a quick decline in the bullish momentum, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the main bearish trend on the short-term basis.

Brent prices declined in their last intraday trading, attempting to look for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend above EMA50, with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move.

BTCUSD price fluctuated on its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators, to enter exaggerated overbought levels compared to the price move, indicating a beginning of forming negative divergence, which intensifies the negative pressures.