Under Armour’s stock price (UAA) inched down in latest intraday trading after testing the main downward trend in the short term, coinciding with bumping into the resistance of the 50-day SMA, with negative signals from the Stochastic after reaching overbought levels, bolstering the odds of decline. 

Therefore we expect the price to decline and target the support of $4.80, provided the resistance of $6.30 holds on.

Today’s price forecast: Bearish

Bitcoin soars high in its last intraday trading, amid the domination of the main bullish trend and its trading alongside the trendline, besides the return of the positive signals on the (RSI), increasing the positive momentum, especially with its stability above $92,500.

Therefore, if the price settles above this support, our expectations for bitcoin will suggest an upside movement in the upcoming intraday trading, to target the resistance level at $97,400

The expected trading range for today is between $92,500 support and $97,400 resistance.

Today’s forecast: Bullish

Crude oil price fluctuated during its recent intraday trading, leaning on the support of its EMA50, providing some of the positive gains, on the other hand, the price is affected by negative technical pattern that formed on the short- term basis, which is the rising wedge pattern, with the emergence of the negative signals on the (RSI).

Therefore, our negative expectations for crude oil price remain valid on the intraday levels, if the price settles below $63.20, to target the key support at $61.50, preparing to break it.

The expected trading range for today is between $61.50 support and 64.00 resistance.

Today’s forecast: Neutral

The gold price declined in its last intraday trading, breaking the bullish trend line on the short-term basis, accompanied by surpassing the support of its EMA50, which increasing the negative pressure, besides the negative signals that come from the (RSI), despite reaching oversold levels.

Therefore, our expectations suggest more of the downside move for the gold price in its intraday trading, if the price settles below $3,290, to targe the support level at $3,240.

The expected trading range for today is between $3,240 support and $3,320 resistance.

Today’s forecast: Bearish