Baidu's stock (BIDU) fell 1.68% in the last session after touching the resistance of the 50-day SMA, exposing it to negative pressure amid negative signals from the RSI and amid the dominance of the downward correctional trend in the medium term.
Therefore we expect more losses for the stock, targeting the first support at 152.00, provided the resistance of 176.25 holds on.
Expected trend for today: Bearish
Cisco's stock fell 0.40% in the last session while seeking a bottom to bounce it higher anew in order to recoup losses, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the resistance of 60.25 anew, provided the support of 56.60 holds on.
Expected trend for today: Bullish
Wheat price keeps its stability above the support base formed above 696.80, to keep the bullish trend valid for today, supported by stochastic and the EMA50 positivity, waiting to head towards 717.00 as a next main target, reminding you that it is important to hold above 696.80 to continue the expected rise.
The expected trading range for today is between 690.00 support and 710.00 resistance.
The expected trend for today: Bullish
Sugar price trades positively now to attempt to breach 19.72 level, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend valid for the upcoming period, supported by stochastic negativity, reminding you that our main waited targets begin at 19.16 and extend to 18.70.
The expected trading range for today is between 19.10 support and 19.80 resistance
The expected trend for today: Bearish