Blackberry hurt by exiting an ascending correctional price channel - Analysis - 21-09-2022
Blackberry Limited's stock (BB) fell in the last session while hurt recently by exiting an ascending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the pivotal support of 4.70, provided it holds below 6.25.
Expected trend for today: Bearish
City Group declines anew - Analysis - 21-09-2022
City Group's stock (C) returned lower in the intraday levels, amid the dominance of the main downward trend in the medium and short terms, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of 45.40, provided the resistance of 50.80 holds onn.
Expected trend for today: Bearish
Midday update for Wheat price 21-09-2022
Wheat price shows new bullish rally to touch our first positive target at 910.00 and attempts to breach it, reinforcing the chances of achieving more expected gains in the upcoming sessions, noting that our next target is located at 935.00, while holding above 885.50 represents key condition to achieve the waited targets.
The expected trading range for today is between 890.00 support and 930.00 resistance.
The expected trend for today: Bullish
Midday update for Sugar price 21-09-2022
Sugar price breached 17.80 level strongly to confirm the continuation of the bullish trend domination on the intraday and short term basis, and the way is open to head towards our next main target at 18.13, noting that breaching it will push the price to 18.41 as a next positive target, while holding above 17.80 represents key condition to continue the expected rise.
The expected trading range for today is between 17.50 support and 18.13 resistance
The expected trend for today: Bullish