Occidental Petroleum Corporation (OXY) declined slightly in its latest intraday trading after the stock collided with the resistance of its previous 50-day SMA, as it attempts to acquire positive momentum that may help it overcome its negative pressure. This comes under the dominance of a short-term corrective ascending trend, with the price moving alongside a supporting trendline, accompanied by positive signals from the RSI indicators.

Therefore we expect the stock to rise in its upcoming trading, but only if it first breaks the resistance level of $43.45, targeting thereafter its next resistance at $46.00.

Today’s price forecast: Neutral

The price of (ETHUSD) extended its gains in its last intraday trading, settled above the key support at $3,090, reinforcing the dominance of the bullish corrective trend on the short-term basis, especially with its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.

Bitcoin (BTCUSD) prices rose in their last intraday trading, erasing their recent losses for today, taking advantage of the positive support of the EMA50, under the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trendline for this trend, besides the emergence of the positive signals on the relative strength indicators, entering overbought levels, which may reduce the upcoming gains.

Brent crude oil’s price witnessed sharp sudden losses in the intraday levels, due to the stability of the key resistance level at $63.75, with the emergence of the negative signals on the relative strength indicators, leaning on minor bullish channel’s support that limited its previous trading on the short-term basis, in attempt to gather its positive strength that might help it to rise again, and helps it to settle above EMA50, and assists the minor bullish wave to settle.