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AMD faces strong resistance - Analysis - 22-03-2022

Economies.com
2022-03-22 12:01PM UTC

AMD's stock rose 2.17% in the last session, settling at 115.92, and testing the resistance of the downward correctional trend line in the short term, while touching the resistance of the 50-day SMA, amid negative signals from the RSI, after reaching overbought levels.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 99.50, provided the resistance of 122.35 holds on.

 

Expected trend for today: Bearish

Midday update for Wheat price 22-03-2022

Economies.com
2022-03-22 08:56AM UTC

Wheat price keeps its stability above 1114.00 level, to continue suggesting the bullish trend that its next main target located at 1200.00, noting that breaking 1114.00 will press on the price to decline and test 1043.30 areas again.

 

The expected trading range for today is between 1114.00 support and 1160.00 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 22-03-2022

Economies.com
2022-03-22 08:56AM UTC

Sugar price settles above 19.16 level, to keep the positive scenario active for today, waiting to get positive momentum that assist to push the price to resume the bullish trend that targets 19.72 level as a next station, reminding you that the continuation of the bullish trend depends on the price stability above 19.16 and 18.70.

 

The expected trading range for today is between 18.90 support and 19.60 resistance

 

The expected trend for today: Bullish

Midday update for Brent oil 22-03-2022

Economies.com
2022-03-22 08:55AM UTC

Brent oil price declined sharply to break 115.10 level and open the way to continue the decline on the intraday basis, targeting testing 110.05 initially, noting that breaking this level will extend Brent oil price losses to reach 105.05, while consolidating above it will lead the price to resume the bullish trend and test 115.10 level again.

 

The expected trading range for today is between 110.00 support and 115.00 resistance.

 

The expected trend for today: Bearish for the rest of the day