Palo Alto Networks, Inc. (PANW) stock price jumped in its latest intraday trading, succeeding in overcoming the negative pressure of its 50-day SMA. This move follows an earlier breakout from a main short-term bearish trendline. A positive crossover is beginning to emerge in the Stochastic indicator after the stock managed to ease its overbought conditions, providing room for further gains in the near term.

Therefore, we expect the stock price to rise during its upcoming trading sessions, especially if it breaks the resistance at 171.80, targeting its next resistance level at 189.40.

Today’s price forecast: Bullish

Brent crude oil price declined during recent intraday trading, preparing to break the key support at $91.75, this support represents potential target in our previous analysis, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this track, besides the continuation of the negative pressure on the price, with the emergence of the negative signals from the relative strength indicators.

Bitcoin (BTCUSD) price witnessed slight downside moves in its recent intraday trading, due to the stability of the key resistance of $75,500 which was an expected target in our previous analysis, to attempt to gain bullish momentum that might help it to breach this resistance, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, besides the emergence of the positive signals from the relative strength indicators.

Crude oil price declined in its recent intraday trading, approaching the key support level at $86.75, which was an expected target in our morning analysis for today, preparing to break it, amid the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery on the near-term basis, especially with the dominance of the bearish corrective trend on short-term basis, besides the emergence of the negative signals from the relative strength indicators after reaching oversold levels.