Nike, Inc. (NKE) continued to move lower in recent intraday trading amid ongoing negative pressure caused by the stock's trading below its 50-day Simple Moving Average (SMA), reinforcing the stability and dominance of the primary medium-term bearish trend. Price action also continues to track a short-term descending trendline that supports the current downtrend. On the other hand, momentum indicators have started to generate a positive crossover after reaching extremely oversold territory, which could help the stock stabilize temporarily against these bearish pressures.

Accordingly, our outlook remains negative for the stock's upcoming trading sessions, particularly as long as it remains below the $42.10 level. Under this scenario, the stock is expected to target its next support level at $37.45.

Today's price forecast: Bearish.

(ETHUSD) continues its fluctuating trading in limited range of sideways trading in its last intraday levels, taking advantage of the stability of the key support at $1,550, with the emergence of the positive signals from the relative strength indicators, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, keeping the negative overview valid unless the price manages to breach its near resistance.

Brent crude oil declined slightly in its last intraday trading, with the dominance of the main bearish trend on the short-term basis, and the continuation of the negative pressure that comes from its trading below EMA50, after offloading its oversold conditions on the relative strength indicators, in a clear signals for a quick lost for the bullish momentum in its early trading for today, to suggest recording more losses in the near period.

The price of Bitcoin continued its fluctuating trading at its recent intraday levels, taking advantage of the positive momentum that comes from the relative strength indicators after reaching oversold levels, and the price is under the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reduces the chances of sustainable recovery in the upcoming period.