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

AMD collects profits - Analysis - 13-05-2020

Economies.com
2020-05-13 09:47AM UTC

AMD's stock fell on profit-taking in the last session while gathering momentum to help it rise anew and vent off overbought saturation in the RSI, amid the dominance of the upward trend in the medium and short terms, with support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 59.22, provided the support of 51.21 holds on. 

 

Expected trend for the stock: Bullish

Midday update for Wheat price 13-05-2020

Economies.com
2020-05-13 09:58AM UTC

Wheat price shows more decline to crawl towards our first target at 503.70, getting negative overlapping signal by stochastic now, which supports the expectations of continuing the bearish bias in the upcoming sessions, reminding you that breaking the mentioned level will push the price to 483.20 as a next negative target, while the expected decline will remain valid unless breaching 520.30 and holding above it.

 

The expected trading range for today is between 505.00 support and 520.00 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 13-05-2020

Economies.com
2020-05-13 09:58AM UTC

Sugar price keeps its stability below the neckline of the double top pattern, to keep the negative effect of this pattern active, organized inside the bearish channel that supports the chances of achieving our negative targets that start at 9.68 followed by 9.17, noting that holding below 10.60 is important to achieve the suggested targets.

 

The expected trading range for today is between 9.70 support and 10.50 resistance

 

The expected trend for today: Bearish

Midday update for Soybean price 13-05-2020

Economies.com
2020-05-13 09:58AM UTC

Soybean price managed to break 851.40 and close the last four hours’ candlesticks below it, which supports the continuation of our bearish overview efficiently for the upcoming sessions, and the way is open to head towards our next target at 840.90, noting that breaching 851.40 will push the price to test the key resistance areas around 859.80 again before any new attempt to decline.

 

The expected trading range for today is between 840.00 support and 860.00 resistance.

 

The expected trend for today: Bearish