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Adobe attacks current resistance - Analysis - 13-04-2021

Economies.com
2021-04-13 11:14AM UTC

Adobe's stock (ADBE) rose 0.39% in the last session, tackling the resistance of 505.65, amid the dominance of the main upward medium-term trend, with positive support from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the resistance of 534.10, provided the resistance of 505.65 was breached. 

 

Expected trend for today: Bullish 

Gilead leans on SMA support - Analysis - 13-04-2021

Economies.com
2021-04-13 11:14AM UTC

Gilead's stock (GILD) returned lower with a 0.69% profit in the last session, amid negative signals from the RSI, while leaning on the support of the 50-day SMA, amid the dominance of the upward correctional wave in the short term. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 68.28.

 

Expected trend for today: Bullish 

Midday update for Wheat price 13-04-2021

Economies.com
2021-04-13 10:07AM UTC

Wheat price trades with clear positivity now to surpass 629.40 level and settles above it, noticing that the price draws positive formation that appears on the chart, which makes us prefer staying neutral until the price confirms its situation according to the key levels represented by 629.40 support and 644.20 resistance.

 

Note that breaking the mentioned support will reactivate the bearish trend scenario that its next target located at 614.60, while breaching the resistance represents the key to achieve new gains that start by testing 662.45.

 

The expected trading range for today is between 620.00 support and 640.00 resistance.

The expected trend for today: Neutral

Midday update for Sugar price 13-04-2021

Economies.com
2021-04-13 10:06AM UTC

Sugar price retests the broken support of the bearish flag that appears on the chart, and the price needs to hold below 15.65 to keep the bearish trend valid for today, supported by stochastic negativity, reminding you that the waited targets begin by breaking 15.12 to confirm opening the way to head towards 14.60 followed by 13.95 levels. 

 

The expected trading range for today is between 14.90 support and 15.50 resistance

 

The expected trend for today: Bearish