The (crude oil) continued its fluctuation moves in tight sideways trading, to create a confused area that detects the upcoming trend on the short-term basis, amid the dominance of bearish correctional wave with the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels.

The (Gold) rose slightly in its last intraday trading, retesting the main resistance level at $3,300, amid the bearish correctional trend on the short- term basis and its trading alongside a bias line, with the (RSI)reach to overbought levels, which suggest the beginning of forming negative divergence with the beginning of negative overlapping signals.

The (EURUSD) rose in its last intraday trading, breaching the resistance level at 1.1745, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), reinforcing the continuation of the positive scenario.

Occidental Petroleum Corporation’s stock price (OXY) fell in latest intraday trading, while trying to gather momentum to rise anew, as it leaned on the support of the 50-day SMA, with the dominance of the upward correctional trend in the short term, as a positive divergence forms in the Stochastic after reaching oversold levels compared to the price’s movements. 

Therefore we expect the price to rise and target the resistance of $47.30, provided the support of $41.00 holds on.

Today’s price forecast: Bullish