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Berkshire price collects profits - Forecast today - 29-01-2025

Economies.com
2025-01-29 10:52AM UTC

Berkshire Hathaway’s stock price (BRK.B) fell in the intraday levels on profit-taking, while gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA, while the stock managed to vent off overbought saturation in the RSI.

 

Therefore we expect the stock to return higher and target the pivotal resistance of $491.65, provided the support  of $455.30 holds on.

 

Trend forecast for today: Likely Bullish 

Ethereum price (ETHUSD) forecast update - 29-01-2025

Economies.com
2025-01-29 09:09AM UTC

Ethereum price (ETHUSD) shows bullish bias to head towards potential test to the key resistance 3222.00$, which represents one of the next trend keys besides 3017.30$ support, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.

 

To review the details of the expected targets after the breach, please check our morning report.

 

The expected trading range for today is between 2970.00$ support and 3260.00$ resistance.

 

Trend forecast: Neutral

Bitcoin price (BTCUSD) forecast update - 29-01-2025

Economies.com
2025-01-29 09:09AM UTC

Bitcoin price (BTCUSD) trades positively to attempt to breach 102900.00$ level, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our main waited target reaches 108350.45$.

 

Stochastic overlaps positively to support the expectations to rise in the upcoming sessions, reminding you that the continuation of the bullish wave depends on the price stability above 100150.00$.

 

The expected trading range for today is between 100000.00$ support and 106000.00$ resistance.

 

Trend forecast: Bullish

Brent oil price forecast update 29-01-2025

Economies.com
2025-01-29 09:09AM UTC

Brent oil price fluctuates within tight range now, waiting to get negative motive that assist to push the price to break 77.05$ followed by confirming the continuation of the bearish trend domination for the rest of the day, reminding you that our next main target reaches 75.66$, while achieving it requires holding below 78.40$.

 

The expected trading range for today is between 75.60$ support and 78.60$ resistance.

 

Trend forecast: Bearish