Shiba Inu price seeks a bottom to boost it - Forecast today - 04-11-2024
Shiba Inu’s currency price (SHIBUSDT) edged lower in the intraday levels, amid negative signals from the RSI while seeking a bottom to bounce it higher, as it also gathers positive momentum to rise anew, amid the dominance of the upward correctional trend in the short term, while leaning on the support of the 50-day SMA.
Therefore we expect the price to return higher, targeting the pivotal resistance of $0.00002017, provided the support of $0.00001612 holds on.
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Brent oil price forecast update 04-11-2024
Brent oil price trades with clear positivity to achieve our first waited target at 75.36$, and we expect to breach this level to achieve additional gains that extend to 76.84$, as stochastic provides positive signals that support the chances of continuing the domination of the bullish trend in the upcoming sessions.
On the other hand, we should note that failing to achieve the required breach will put the price under negative pressure that targets testing 73.9$ areas before any new attempt to rise.
The expected trading range for today is between 73.00$ support and 76.00$ resistance.
Trend forecast: Bullish
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Crude oil price forecast update 04-11-2024
Crude oil price resumes its positive trading to approach our waited target at 72.15$, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to breach this level to confirm the continuation of the positivity and achieve additional gains that reach 73.70$, reminding you that the continuation of the bullish wave depends on the price stability above 70.58$.
The expected trading range for today is between 69.40$ support and 72.40$ resistance
Trend forecast: Bullish
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Silver price forecast update 04-11-2024
Silver price trades negatively now to test 32.50$ level, waiting to break this level to confirm rallying towards 31.95$ followed by 31.25$ levels that represent our main targets, noting that breaching 33.04$ will stop the bearish correction and push the price to rise again.
The expected trading range for today is between 31.90$ support and 32.80$ resistance.
Trend forecast: Bearish
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