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City Group climbs after leaning on upside trend line - Analysis - 26-03-2021

Economies.com
2021-03-26 12:56PM UTC

City Group's stock (C) rose in the intraday levels after leaning on the upward short-term trend line, with positive signals from the RSI, and with positive pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the resistance of 80.56, provided the resistance of 74.00 was breached. 

 

Expected trend for today: Bullish 

Bank of America starts recovering - Analysis - 26-03-2021

Economies.com
2021-03-26 12:56PM UTC

Bank of America's stock (BAC) rose in the last session after the support of 36.96 held its ground, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while the RSI reached oversold levels compared to the stock's movements. 

 

Therefore we expect more gains for the stock, targeting the resistance of 39.93, provided the support of 36.96 holds on.

 

Expected trend for today: Bullish 

Midday update for Wheat price 26-03-2021

Economies.com
2021-03-26 10:11AM UTC

Wheat price provided positive trades to test 614.60 and rebounds bearishly from there, which keeps the bearish trend valid for today, affected by the double top pattern that appears on the chart, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 596.30.

 

The expected trading range for today is between 595.00 support and 610.00 resistance.

The expected trend for today: Bearish

Midday update for Corn price 26-03-2021

Economies.com
2021-03-26 10:11AM UTC

Corn price started to bounce bullishly to move away from the initial support base 535.00, which support the continuation of the expected bullish trend for the upcoming period, motivated by stochastic positivity, waiting to head towards 570.40 as a next main target, reminding you that it is important to hold above 535.00 and 530.20 levels to continue the expected rise.

 

The expected trading range for today is between 535.00 support and 550.00 resistance.

The expected trend for today: Bullish