Palo Alto Networks’ stock price (PANW) returned higher in the intraday levels, amid the dominance of the main upward trend in the medium term, as it also trades alongside the secondary short-term trend line, while buoyed by trading above the 50-day SMA. The momentum is however countered by negative signals from the RSI after reaching overbought levels, which could hinder upcoming gains.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $380.85, provided it settles firmly above $327.60.
Trend forecast: Bullish
Ethereum price (ETHUSD) faces new negative pressure to test the key support 2545.00$, which urges caution from the upcoming trading, as continuing the decline and breaking this level will stop the recently suggested positive scenario and force the price to turn to decline, to start building bearish wave that targets 2345.00$ areas initially.
Bitcoin price (BTCUSD) returns to decline after failing to consolidate above 60326.70$ level, to reactivate the negative scenario that targets testing 56160.00$ areas as a first negative station, supported by stochastic negativity that appears clearly now, noting that the continuation of the expected decline depends on the price stability below 60326.70$.
Crude oil price tested the key resistance at 75.00$ and rebounds downwards clearly from there, to keep the bearish trend scenario valid and active for the upcoming period, waiting to visit 72.85$ followed by 72.05$ levels as next negative targets, reminding you that it is important to hold below 75.00$ to continue the expected decline.