Nucor Corporation (NUE) stock price recorded a pullback in its latest intraday trading, following the stabilization of the key resistance level at $170.50, as the stock attempts to build positive momentum that could help it break above this resistance. At the same time, it is trying to unwind part of its clear overbought conditions on the RSI, especially with the beginning of a negative crossover, while dynamic support remains in place from trading above its SMA50, reinforcing the stability and dominance of the main short-term upward trend, with price action moving along a supportive trend line.

Therefore we expect the stock price to rise in upcoming trading, but only if it first succeeds in breaking above the $170.50 resistance level, to target the next resistance at $190.00.

Today’s price forecast: Bullish

The price of (ETHUSD) rose in its last intraday trading, as it is leaning on EMA50’s support, gaining bullish momentum that helped it to settle and achieve these gains, after a decline journey to look for rising low that might help it gain the required bullish momentum for its recovery, to notice forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of the positive signals.

Brent crude oil’s prices rose in its last intraday trading, taking advantage of the positive signals from the relative strength indicators, after reaching oversold levels, retesting the current resistance at $60.50, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery on the near-term basis.

BTCUSD’s price rose slightly with fluctuating trading on its recent intraday levels, in attempt to recover some previous losses, accompanied by its attempts to surpass the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, affected by exiting minor bullish channel’s range on the short-term basis, affected by the negative pressure due to its trading below EMA50.