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3M price pierces pivotal resistance - Forecast today - 22-01-2025

Economies.com
2025-01-22 11:11AM UTC

3M’s stock price (MMM) rallied in the intraday levels, accompanied by a surge in trading volumes, while managing to pierce the pivotal resistance of $141.45, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, provided it settles firmly above $141.45, targeting the resistance of $168.54. 

 

Trend forecast for today: Bullish 

 

Coinbase price strives to shake off negative pressure - Forecast today - 22-01-2025

Economies.com
2025-01-22 11:10AM UTC

Coinbase Global’s stock price (COIN) edged lower in the intraday levels, while trying to shake off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive signals from the RSI despite reaching overbought levels. 

 

Therefore we expect the price to return higher and target the pivotal resistance of $349.49, provided the support of $246.37 holds on.

 

Trend forecast for today: Likely Bullish 

Lumen price returns lower - Forecast today - 22-01-2025

Economies.com
2025-01-22 11:10AM UTC

Lumen Technologies’ stock price (LUMN) returned lower in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, hinting at  negative divergence. 

 

Therefore we expect more losses for the stock, provided it settles firmly below the resistance of $5.90, and targeting the support of $4.52.

 

Trend forecast for today: Bearish 

Brent oil price forecast update 22-01-2025

Economies.com
2025-01-22 09:13AM UTC

Brent oil price provides new negative trades now, to support the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to test 78.39$ as a first target, which breaking it represents the key to rally towards 77.05$ as a next main station.

 

On the other hand, we should note that breaching 80.10$ followed by 80.50$ levels will stop the expected decline to lead the price to regain the main bullish trend again.

 

The expected trading range for today is between 77.70$ support and 80.70$ resistance.

 

Trend forecast: Bearish