Palo Alto Networks (PANW) resumed its decline in its latest intraday trading, pressured by continued negative momentum resulting from trading below its previous 50-day SMA. This confirms the break of a main medium-term ascending trendline, which further intensifies the bearish pressure surrounding the price, especially after it successfully relieved part of its oversold saturation on the RSI indicators.

Therefore we expect the stock to decline in its upcoming trading, as long as it remains below the resistance level of $193.10, targeting the support level of $172.75.

Today’s price forecast: Bearish

The price of (ETHUSD) is moving in limited range of sideways trading in its last intraday trading, to confirm breaching main bearish trend line on the short-term basis, gathering bullish momentum that might help it to rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, accompanied by forming positive divergence on the relative strength indicators after reaching exaggerated oversold levels compared to the price move, with the emergence of the positive signals on the relative strength indicators.

Bitcoin (BTCUSD) prices continued its fluctuated trading during the last intraday trading, amid its attempts to gain bullish momentum that may help it to begin new bullish wave, amid the dominance of the corrective bullish trend on the short-term basis, and its trading alongside supportive trend line for this trend, supported by its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions.

Brent crude oil declined in its last intraday trading, affected by the stability of the key resistance at $62.95, gathering the gains of its previous rises, attempting to gain bullish momentum that may help it to breach the resistance, besides the attempt of offloading some of the clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, affected by exiting bearish channel’s range that limited its previous trading.