ServiceNow (NOW) moved higher in recent intraday trading after finding support at its 50-day Simple Moving Average (SMA), allowing the stock to regain positive momentum and post fresh gains. The stock remains within a short-term bullish corrective trend, while this latest advance comes after successfully easing its previously overbought conditions on momentum indicators. Those indicators have now moved into deeply oversold territory relative to the stock's price action, suggesting that fresh positive momentum is building and could provide additional support for the current recovery.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $94.75 remains intact. Under this scenario, the stock is expected to target the next resistance level at $121.70.

Today's price forecast: Bullish.

NVIDIA Corporation (NVDA) was unable to hold on to its early gains in its latest trading session, retreating from the day's highs and surrendering most of those advances. The stock remains under the control of a short-term bearish corrective trend, with price action continuing to track a descending trendline that reinforces the current downside bias. Selling pressure also persists as the stock continues to trade below its 50-day Simple Moving Average (SMA). Meanwhile, momentum indicators are beginning to form a bearish divergence after reaching extremely overbought levels relative to the stock's price action, with fresh bearish signals continuing to emerge.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $213.80 remains intact. Under this scenario, the stock is expected to target the key support level at $191.00.

Today's price forecast: Bearish.

Crude Oil rose in its last intraday trading, benefiting from the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains in the near upcoming period, especially with the continuation of the positive support that comes from its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis.

Silver managed to extend its gains in its latest intraday trading, to refresh the hopes of a recovery by breaching a minor bearish trend line on the short-term basis, accompanied by surpassing EMA50’s resistance, to surpass its negative pressure and opening the way for achieving more gains in the near upcoming period, especially with the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions.