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ServiceNow price back off recent highs - Forecast today - 10-12-2024

Economies.com
2024-12-10 09:41AM UTC

ServiceNow’s stock price (NOW) inched lower in the intraday levels on profit-taking, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, amid the complete dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA. 

 

Therefore we expect the stock to return higher and target the main resistance of $1200, provided the support of $1036 hold on.

 

Trend forecast for today: Likely Bullish

 

Ethereum price (ETHUSD) forecast update - 10-12-2024

Economies.com
2024-12-10 10:01AM UTC

Ethereum price (ETHUSD) attempted to break 23.6% Fibonacci correction level but it finds solid support there, to show some bullish bias, and as long as the price is below 3810.00$, the correctional bearish scenario will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next main target extends to 3425.50$.

 

The expected trading range for today is between 3530.00$ support and 3800.00$ resistance.

 

Trend forecast: Bearish

Bitcoin price (BTCUSD) forecast update - 10-12-2024

Economies.com
2024-12-10 10:00AM UTC

Bitcoin price (BTCUSD) settles below 100140.00$ and falls under the negative pressure formed by the EMA50, thus, the bearish trend scenario will remain valid for the upcoming period, reminding you that our targets begin at 93405.00$ and extend to 90670.00$ followed by 86810.00$ after breaking the first level, reminding you that it is important to hold below 100140.00$ to continue the expected decline.

 

The expected trading range for today is between 92000.00$ support and 99000.00$ resistance.

 

Trend forecast: Bearish

Brent oil price forecast update 10-12-2024

Economies.com
2024-12-10 10:00AM UTC

Brent oil price tested the key support 72.06$, waiting to break this level to confirm the continuation of the bearish wave that targets 71.15$ followed by 70.00$ as next main stations.

 

The EMA50 forms negative pressure that supports the expected decline, which will remain valid unless breaching 73.00$ and holding above it.

 

The expected trading range for today is between 71.40$ support and 73.40$ resistance.

 

Trend forecast: Bearish