Cisco's stock rose 0.54% in the last session, tackling the pivotal resistance of 55.30, while trading alongside the main upward medium-term trend line, with positive pressure from the 50-day SMA, as the stock vents off overbought saturation in the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 57.50, provided the resistance of 55.30 was breached.
Expected trend for today: Bullish
eBay's stock (EBAY) skidded a heavy 7.08% in the last session amid negative signals from the RSI after reaching overbought levels, while seeking a bottom to bolster it higher anew, as the stock trades alongside the main upward medium-term trend line, with positive support from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 67.24, provided it holds below 70.77.
Expected trend for today: Bearish
Wheat price provides new positive trades to support the positive scenario suggested for today, as our next target is located at 726.80, getting positive support by the EMA50, reminding you that the continuation of the bullish wave requires holding above 701.00.
The expected trading range for today is between 705.00 support and 725.00 resistance.
The expected trend for today: Bullish
Sugar price shows positive trades now to test 18.20 level, and as we mentioned this morning, we need clearer signal for the next trend, which keeps our neutrality valid until now until the price confirms its situation according to the mentioned level.
To review the expected targets after the breach, please check our morning report.
The expected trading range for today is between 17.70 support and 18.50 resistance
The expected trend for today: Neutral