Nucor Corporation (NUE) stock advanced slightly in its latest intraday trading, as it attempts to recover part of its previous losses while also working to unwind its clear oversold levels in the Stochastic indicators, with positive signals starting to appear. However, the stock remains under the effect of a broken short-term upward trend line and continues to face negative pressure from trading below its previous 50-day SMA. These factors combine to strengthen the likelihood of further decline in the near term.

Therefore, we expect the stock to decrease in its upcoming trading, as long as it remains below 143.00, to then target the important support level of 134.00.

Today’s price forecast: Bearish.

The price of (ETHUSD) declined in its last intraday trading, exhausting its positive chances that might provide the required bullish momentum to its recovery, where it leans on the support of its EMA50 as a last chance for this recovery, especially with the emergence of the positive signals on the (RSI), after reaching oversold levels, and under the dominance of the main bullish trend and its trading alongside supportive bias line for this track.

The price of (BTCUSD) declined in its last trading on the intraday levels, affected by reaching the critical resistance at $113,000, this level represents our last suggested target, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), after offloading its overbought conditions, opening the way for achieving more of the gains in the upcoming period.

Crude oil prices settled with correctional decline on its last intraday levels, due to the stability of the critical resistance at $67.60, attempting to gain bullish momentum that might help it to offload its clear overbought conditions on the relative strength indicators, with the emergence of the negative signals, amid the dominance of bullish correctional wave on the short-term basis alongside supportive bias line, besides its trading above EMA50, reinforcing the chances for this recovery.