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Caterpillar parks at strong resistance - Analysis - 13-02-2020

Economies.com
2020-02-13 11:47AM UTC

Caterpillar's stock rallied 2.50% in the last session, settling at 139.59, amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional short-term wave, retesting the pivotal resistance of 139.20 to recoup some past losses. 

 

Therefore we expect the stock to return lower, targeting the support of 129.32, especially if the resistance of 139.20 held on. 

 

Expected trend for today: Bearish 

Baidu pierces current resistance - Analysis - 13-02-2020

Economies.com
2020-02-13 11:46AM UTC

Baidu's stock rose 2.61% in the last session, piercing the resistance of 133.94, amid the dominance of the upward medium-term trend, with support from the 50-day SMA, and positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 149.75. 

 

Expected trend for today: Bullish 

3M tries to recoup some losses - Analysis - 13-02-2020

Economies.com
2020-02-13 11:46AM UTC

3M's stock rose 0.83% in the last session amid positive signals from the RSI, while recouping some past losses amid negative pressure from the 50-day SMA and with the dominance of the downward long-term trend. 

 

Therefore we expect the stock to return lower, targeting the first support at 159.25. 

 

Expected trend for today: Bearish 

Midday update for Wheat price 13-02-2020

Economies.com
2020-02-13 10:36AM UTC

Wheat price resumes its negative trading affected by stochastic negativity that appears on the four hours’ time frame, to keep the bearish trend scenario valid for today, which depends on the price stability below 553.00 and 557.30 levels, reminding you that our next targets begin at 536.80 followed by 530.00.

 

The expected trading range for today is between 536.80 support and 553.00 resistance.

The expected trend for today: Bearish