Airbnb (ABNB) saw a slight uptick in its latest intraday trading, even as the stock continues to face negative pressure while trading below its 50-day simple moving average. The medium-term downtrend remains dominant, with the price moving along a descending trendline. These recent gains appear to be an attempt to recover part of its previous losses, while the stock also works on easing its clear oversold conditions on the Relative Strength Indicators, especially as early positive signals begin to appear.

Therefore, we expect the stock to decline in the upcoming sessions, as long as it remains below $117.30, targeting the support level at $105.40.

Today’s price forecast: Bearish

The international crude benchmark, Brent, could dip to the $30s per barrel handle by 2027 as oversupply could overwhelm the market, according to a JP Morgan forecast posted by users on X.  

Brent Crude prices have dropped by 14% year to date, and traded relatively stable at $62.59 per barrel early on Monday, as the oil market awaits news from the renewed negotiations on peace in Ukraine. 

The U.S. and Ukraine held on Sunday in Geneva what the two sides described as “highly productive” talks and agreed to continue intensive work on a “refined” peace plan, which the U.S. first proposed last week. 

Despite the fears of a glut, analysts and investment banks don’t see oil prices moving down to $40 or below, even as oil is set to decline in the near term with strong supply from OPEC+ and the non-OPEC producers in the Americas.  

Peace in Ukraine could also weigh on energy prices as some sanctions and restrictions on Russia could be eased, analysts say. 

Oil prices are set to further drop into next year from current levels amid a large surplus on the market, with the U.S. benchmark WTI Crude expected to average $53 per barrel in 2026, according to Goldman Sachs.

The investment bank’s call for next year is that oil prices are on track for further declines and investors should short oil right now, Daan Struyven, co-head of global commodities research at Goldman Sachs, told CNBC last week. 

The surplus next year will be 2 million bpd on average, Goldman reckons, but notes that 2026 will be the last year of the current big supply wave hitting the market.

The oil market is set to rebalance in 2027 as 2026 will see “the last big oil supply wave the market has to work through,” Goldman’s Struyven added.   

By Michael Kern for Oilprice.com

More Top Reads From Oilprice.com

Copper price began forming bullish waves yesterday, attempting to face the temporary negative pressure to reinforce the dominance of the main bullish scenario, to fluctuate near $5.0500 level now.

We expect to provide mixed trading, noting that the attempt to resume the bullish attack requires breaching the initial barrier near $5.2000, while the stability below it might force it to form corrective wave to reach towards the initial support at $4.7500.

The expected trading range for today is between $4.9500 and $5.2000

Trend forecast: Fluctuated

Strengthened 20-Day Relationship

The 20-day average has become the centerpiece of recent price action. Prior to last week’s successful defense, three earlier pullbacks briefly undercut the line only to be immediately reclaimed; today’s instant rejection from the converged zone demonstrates progressively stronger demand and a clearly improving structural relationship with this critical benchmark.

Higher Swing Low Development

With follow-through above today’s low, the $4.59 level will officially register as another higher swing low above last week’s $4.46 low print, extending the textbook series of higher lows that has defined the rally since the October bottom and reinforcing the underlying bullish trends integrity.

Upside Conviction Required

Bulls still need strong weekly conviction to deliver a sustained breakout above last week’s $4.81 lower swing high. Clearing that level erases the only bearish blemish on the chart and directly targets the March 2025 trend high near $4.95 alongside the full 88.6% Fibonacci retracement of the entire August-to-March bear move.

First Meaningful Bearish Signal

A sustained daily decline below the 20-day average and today’s $4.59 low would constitute the clearest bearish warning yet, immediately placing the November $4.46 swing low in jeopardy. Only a decisive break beneath that level would fully invalidate the higher high/higher low sequence and shift the intermediate trend bias.

Outlook

Monday’s textbook defense of the 20-day/internal trendline confluence strongly favors continuation of the higher-low pattern and keeps buyers firmly in control. Protect the $4.59–$4.54 zone to maintain structural integrity and set up a weekly assault on $4.81 toward $4.95; sustained trade below the 20-day line would redirect attention to the November $4.46 low as the next make-or-break decision point.

For a look at all of today’s economic events, check out our economic calendar.

T-Mobile US (TMUS) declined in its latest intraday trading, under the dominance of a primary short-term downtrend with movement aligned to a descending minor trendline supporting this path. Persistent negative pressure continues as the stock trades below its 50-day simple moving average, and additionally, a clear bearish divergence has formed on the Relative Strength Indicators after they reached extremely overbought levels, exaggerated relative to the price action, with fresh negative signals emerging.

Therefore, we expect the stock to decline in the upcoming trading sessions, as long as resistance at the price level of $218.35 remains intact, targeting the key support level of $199.40.

Today’s price forecast: Bearish

The EURNZD price is forced to form mixed trading, despite its stability within the bullish channel’s levels, affected by the strength of the barrier of 2.0635, fluctuating near 2.0550 level, taking advantage of the continuation of the support stability at 2.0410, increasing the chances of gathering the required bullish momentum of resuming the bullish attack.

Stochastic fluctuation below 80 level confirms the effect of the temporary sideways bias dominance, to keep waiting for gathering bullish momentum to ease the mission of surpassing the barrier at 2.0635, to begin targeting the extra stations near 2.0700 and 2.0760.

The expected trading range for today is between 2.0475 and 2.0635

Trend forecast: Bullish

The EURNZD price is forced to form mixed trading, despite its stability within the bullish channel’s levels, affected by the strength of the barrier of 2.0635, fluctuating near 2.0550 level, taking advantage of the continuation of the support stability at 2.0410, increasing the chances of gathering the required bullish momentum of resuming the bullish attack.

Stochastic fluctuation below 80 level confirms the effect of the temporary sideways bias dominance, to keep waiting for gathering bullish momentum to ease the mission of surpassing the barrier at 2.0635, to begin targeting the extra stations near 2.0700 and 2.0760.

The expected trading range for today is between 2.0475 and 2.0635

Trend forecast: Bullish

Platinum price faced a key support extension in its last negative attempts near$1488.00, which forces it to delay the bearish corrective scenario and begin providing sideways trading, fluctuating near $1530.00.

Providing bullish momentum by the main indicators, especially with stochastic exit from the oversold level that might help it to provide new chance for achieving some gains by its rally towards $1575.00 then repeating the pressure on the barrier at $1605.00.

The expected trading range for today is between $1500.00 and $1575.00

Trend forecast: Bullish