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City Group leans on upside trend line - Analysis - 11-06-2021

Economies.com
2021-06-11 10:44AM UTC

City Group's stock (C) fell 1.6% in the last session amid attempts to seek a bottom to bolster it higher, while leaning on the main upward trend in the medium term, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 80.50, provided the support of 75.45 holds on.

 

Expected trend for today: Bullish 

Caterpillar exposed to negative pressure - Analysis - 11-06-2021

Economies.com
2021-06-11 10:44AM UTC

Caterpillar's stock (CAT) skidded 3.8% in the last session, surpassing the support of the 50-day SMA and exposing it to negative pressure, parking thereafter at the main upward trend line in the medium term as a last chance to gather positive momentum to return higher. 

 

Therefore we expect the stock to return higher, targeting the first resistance of 236.75, provided the support of 223.00 held on.

 

Expected trend for today: Bullish 

Midday update for Sugar price 11-06-2021

Economies.com
2021-06-11 09:28AM UTC

Sugar price faces negative pressure now to head towards potential test to the key support 17.40, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend active for the upcoming period, supported by the EMA50 that meets the mentioned support to add more strength to it, noting that our next main target is located at 18.20.

 

The expected trading range for today is between 17.50 support and 18.20 resistance

 

The expected trend for today: Bullish

Midday update for Corn price 11-06-2021

Economies.com
2021-06-11 09:27AM UTC

Corn price trades near the key support 648.10, and as long as the price is above this level, our bullish overview will remain valid and active, supported by stochastic reach to the oversold areas, reminding you that we are waiting to visit 676.90 as a next main target.

 

The expected trading range for today is between 648.00 support and 670.00 resistance.

The expected trend for today: Bullish