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3M pierces pivotal resistance - Analysis - 19-03-2021

Economies.com
2021-03-19 11:01AM UTC

3M's stock (MMM) kept rising with a 1.43% in the last session after piercing the pivotal resistance of 187.15, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium term.

 

Therefore we expect more gains for the stock, targeting the psychological resistance of 200.00.

 

Expected trend for today: Bullish

Midday update for Wheat price 19-03-2021

Economies.com
2021-03-19 11:35AM UTC

Wheat price tested 629.40 level and keeps its stability below it until now, to keep the bearish trend scenario active for today, which gets continuous support by the EMA50, reminding you that our next main target is located at 614.60.

 

The expected trading range for today is between 615.00 support and 630.00 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 19-03-2021

Economies.com
2021-03-19 11:35AM UTC

Sugar price settles below 15.85 level, to keep the negative pressure valid for today, which depends on the price stability below the mentioned level, supported by the negative pressure formed by the EMA50, reminding you that our waited target is located at 15.55.

 

The expected trading range for today is between 15.40 support and 15.90 resistance

 

The expected trend for today: Bearish

Midday update for Soybean price 19-03-2021

Economies.com
2021-03-19 11:35AM UTC

Soybean price settles around 1390.00 level, falling under negative pressure that the EMA50 continues to provide, to keep the bearish trend scenario active for today, which targets 1373.00 followed by 1303.50 levels as next main stations, reminding you that the continuation of the bearish wave depends on the price stability below 1420.00 and 1430.00 levels.

 

The expected trading range for today is between 1370.00 support and 1405.00 resistance.

 

The expected trend for today: Bearish