United States Steel Corporation’s stock price (X) rallied in latest intraday trading, while managing to pierce the pivotal resistance of $50.20, accompanied by a surge in trading volumes, amid the dominance of the upward short-term trend, with ongoing positive support due to trading above the 50-day SMA, coupled with positive signals from the Stochastic.
Therefore we expect more gains for the price, especially as it settles above $50.20, targeting the resistance of $64.50.
Today’s price forecast: Bullish
The price of (ETHUSD) jumped higher in its last intraday trading, breaching the current resistance level at $2,585, amid the emergence of the positive signals on the (RSI), supported by its continuous trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis.
The price of (Bitcoin) rose in its last intraday trading, to attack the psychological resistance level at $110,000, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, with the beginning of the emergence of the positive signals on the (RSI), after it success in offloading its overbought conditions.
The price of (Brent) moves in tight range trading at its intraday levels, amid the stability of the resistance is $64.50, affected by the negative pressure that comes from its trading below its EMA50, on the other hand, we notice the emergence of positive signals on the (RSI), after reaching an oversold level.