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Occidental Petroleum price tries to vent off overbought saturation - Forecast today - 20-08-2025

Economies.com
2025-08-20 12:54PM UTC
AI Summary
  • Occidental Petroleum Corporation (OXY) stock price is slightly lower as it tries to relieve overbought pressure
  • Stock is expected to rise in upcoming trading, targeting key resistance level at $47.30
  • Price forecast for today is bullish

Occidental Petroleum Corporation (OXY) stock price edged slightly lower in its latest intraday trading, as the stock attempts to gather positive momentum that may help it recover and rise again. At the same time, it is trying to relieve some of the clear overbought pressure indicated by the RSI, especially as negative signals begin to emerge, with the decline finding support from the 50-day SMA, while the short-term corrective uptrend continues to dominate and the stock trades along a supportive upward sloping line.

 

Therefore, we expect the stock price to rise in its upcoming trading, as long as it remains stable above the $42.30 support level, targeting the key resistance level at $47.30.

 

Today’s price forecast: Bullish

 

Forecast update for Ethereum -20-08-2025

Economies.com
2025-08-20 11:50AM UTC

The price of (ETHUSD) declined in its last intraday trading, after it succeeded in its early trading to recover some of its previous losses, and offloading the clear oversold conditions on the (RSI), amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of bearish correctional wave on the short-term basis and its trading alongside a supportive bias line for this track.

 

 

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Forecast update for Bitcoin -20-08-2025

Economies.com
2025-08-20 11:41AM UTC

The price of (BTCUSD) declined in its last intraday trading, after its succeeded in recovering some of its previous losses, and it offloaded some of its clear oversold conditions on the (RSI), taking advantage of the stability of the current support level at $113,000, gaining some bullish momentum that helped it to achieve these temporary gains, amid the dominance of minor bearish wave on the short-term basis.

 

 

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Forecast update for Brent crude oil -20-08-2025

Economies.com
2025-08-20 11:36AM UTC

The price of (Brent) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), retesting the key resistance at $66.00, accompanied by hitting the resistance of its EMA50, intensifying the negative pressure, which might push it to bounce lower again, especially with the dominance of the main bearish trend on the short-term basis.

 

 

 

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