Schlumberger N.V. (SLB) stock price witnessed volatile trading in its latest intraday movement, through which it maintained its previous gains while attempting to gain positive momentum that could help it resume those gains, amid continued dynamic positive support from trading above its 50-day SMA, which reinforces the stability and dominance of the main upward trend in the short term, while moving alongside a trend line supporting this path. In addition, we notice continued positive signals from the Stochastic indicators after reaching deeply oversold levels.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $52.45 support level, targeting the nearby key resistance level at $57.20 in preparation for attacking it.

Today’s price forecast: Bullish

Ethereum settles with sharp losses in its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, especially with its trading alongside supportive trend line for this path.

Brent crude oil prices declined during the latest intraday trading sessions, while positive support continues due to prices trading above the EMA50, reinforcing the stability and dominance of the main bullish trend in the short term, the price is attempting to gain fresh positive momentum that could support a renewed recovery and upward move. At the same time, the market is trying to ease some of the clear overbought conditions shown by the relative strength indicators, especially as negative signals continue to emerge from them.

Bitcoin (BTCUSD) declined during its latest intraday trading sessions, breaking below the current support level at $77,000. The cryptocurrency remains under pressure from a short-term corrective bearish wave, following an earlier break below a major upward trendline.

Negative and dynamic pressure continues as the price trades below the EMA50, reducing the chances of a full recovery in the near term. This comes alongside ongoing negative signals from the relative strength indicators, despite them reaching deeply oversold levels.