Paramount Global (PARA) rose in its latest intraday trading, supported by positive signals on the RSI despite reaching extremely overbought levels. The price succeeded in breaking above the key resistance of 243.40, aided by dynamic support from trading above its 50-day SMA and under the control of a short-term corrective uptrend along a rising trend line.
Therefore, we expect the stock to advance in its upcoming sessions, as long as it holds above 243.40, targeting its first resistance level at 268.40.
Today’s price forecast: Bullish.
The price of (ETHUSD) declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to offload some of its clear overbought conditions on the relative strength indicators, with the emergence of negative overlapping signals from them, amid the continuation of the positive support due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis.
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The price of (BTCUSD) settled with gains on its last intraday levels, amid its attempts to breach the critical resistance level at $117,000, supported by the emergence of the positive signals on the relative strength indicators, taking advantage of the dynamic support that is represented by its trading above EMA50, accompanied by the dominance of the bullish correctional trend on the short-term basis and its trading alongside trendline.
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Crude oil prices got strong bullish push on its last intraday levels, due to its lean on the support of EMA50, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside supportive trendline, on the other hand, we notice the relative strength indicators reaching oversold level, which suggest the beginning of forming positive divergence, intensifying the chances for extending the gains on the near-term basis.
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