Amazon's stock fell 0.26% in the last session amid negative pressure from the 50-day SMA, confirming the breach of the upward short-term trend line, with positive signals from the RSI after reaching oversold levels, limiting the losses.
Therefore we expect more losses for the stock, targeting the support of 3,127, provided the resistance of 3,244 holds on.
Expected trend for today: Bearish
Pfizer's stock (PFE) fell in the last session while gathering momentum to help it rise anew, as it trades alongside the upward short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to rise and target the resistance of 41.00, provided the resistance of 39.40 was reliably pierced.
Expected trend for today: Bullish
Baidu's stock returned lower with a 2.11% loss amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 176.60, provided the resistance of 205.00 holds on.
Expected trend for today: Bearish
Wheat price shows positive trades to approach gradually from 701.00 level, waiting for more rise to surpass this level and confirm rallying towards our next positive target at 726.80, as the bullish trend still suggested for the upcoming sessions supported by stochastic and the EMA50 positivity, which its continuation conditions holding above 680.20.
The expected trading range for today is between 680.00 support and 705.00 resistance.
The expected trend for today: Bullish