Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Berkshire price gathers positive momentum - Forecast today - 09-07-2024

Economies.com
2024-07-09 11:52AM UTC

Berkshire Hathaway’s stock price (BRK.B) fell in the intraday levels, leaning on the support of the 50-day SMA, while gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of $430.00, provided the support of $399.90 holds on.

 

Trend forecast: Likely Bullish 

Kroger price emits signals of weaknenss - Forecast today - 09-07-2024

Economies.com
2024-07-09 11:52AM UTC

Kroger Company’s stock price (KR) inched up in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure from 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 the stock to return lower and target the support of $50.20, provided the resistance of $53.32 holds on.

 

Trend forecast: Likely Bearish 

 

Zscaler price gathers strength - Forecast today - 09-07-2024

Economies.com
2024-07-09 11:51AM UTC

Zscaler’s stock price (ZS) inched down in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher and target the first resistance at $235.85, provided the resistance of $206.67 was breached. 

 

Trend forecast: Likely Bullish 

Brent oil price forecast update 09-07-2024

Economies.com
2024-07-09 09:35AM UTC

Brent Oil Price Analysis

Expected Scenario

  • Brent oil price begins to break 85.80$ now, to support the expectations of continuing the correctional bearish trend, paving the way to head towards 84.10$ that represents 38.2% Fibonacci correction level for the rise that appears on the chart.
  • Therefore, we expect to witness more decline in the upcoming sessions conditioned by the price stability below 86.75$.

Expected Trading Range

Between 84.20$ support and 87.20$ resistance.

Trend Forecast: Bearish