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Occidental Petroleum price breaches pivotal support - Forecast today - 05-12-2024

Economies.com
2024-12-09 10:25AM UTC

Occidental Petroleum Corporation’s stock price (OXY) fell in the intraday levels, breaching the pivotal support of $49.75, amid the dominance of the main downward trend in the medium and short terms,with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect more losses for the stock, provided it settles firmly below $49.75, thus targeting the support of $45.60. 

 

Trend forecast for today: Bearish

 

Crowdstrike price emits more positive signals - Forecast today - 05-12-2024

Economies.com
2024-12-09 10:25AM UTC

Crowdstrike Holdings’ stock price (CRWD) extended the gains in the intraday levels, while trading alongside the secondary upward trend line in the short term, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $398.33, provided the support of $323.94 holds on.

 

Trend forecast for today:  Bullish 

Cisco price faces positive outlook - Forecast today - 05-12-2024

Economies.com
2024-12-09 10:26AM UTC

Cisco Systems’ stock price (CISCO) rose in the intraday levels, amid positive support from trading above the 50-day SMA, with positive signals from the RSI, and amid the dominance of the main upward trend in the short term.

 

Therefore we expect more gains for the stock, targeting the resistance of $61.90, provided it settles above the support of $58.20.

 

Trend forecast for today: Bullish 

 

Ethereum price (ETHUSD) forecast update - 05-12-2024

Economies.com
2024-12-05 09:01AM UTC

Ethereum price (ETHUSD) shows more bullish bias to attack 3900.00$ barrier, waiting to confirm breaching this level to confirm extending the bullish wave on the intraday and short-term basis, as the next targets are located at 4000.00$ followed by 4090.00$.

 

The bullish channel continues to organize the suggested bullish wave, noting that breaking 3600.00$ will stop the bullish rally and push the price to start bearish correction on the intraday basis.

 

The expected trading range for today is between 3730.00$ support and 4000.00$ resistance.

 

Trend forecast: Bullish