Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

City Group trims gains - Analysis - 11-05-2021

Economies.com
2021-05-11 10:34 UTC

City Group's stock hit a session high at 76.80 before bouncing off it lower and marking a 0.07% loss. amid the dominance of the main upward trend in the medium and short terms, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 80.65, provided the resistance of 76.80 was breached. 

 

Expected trend for today: Bullish 

Was this useful?

Thanks for your feedback.

Midday update for Wheat price 11-05-2021

Economies.com
2021-05-11 10:20 UTC

Wheat price shows clear positive trades to test the EMA50 that forms good resistance against the price, and we still neutral until the price confirms its next destination clearly, noting that surpassing 733.50 will lead the price to resume the main bullish trend and head towards 758.00 initially, while breaking 726.80 represents the key to extend the correctional bearish wave towards 700.00 as a next negative station.

More

Midday update for Sugar price 11-05-2021

Economies.com
2021-05-11 10:20 UTC

Sugar price trades with clear positivity to surpass 17.50 and settles above it, reinforcing the expectations of continuing the bullish trend, which its next target located at 18.00, while holding above 17.20 represents key condition to continue the suggested rise.

More

Midday update for Soybean price 11-05-2021

Economies.com
2021-05-11 10:20 UTC

Soybean price tested the bullish trend support line and bounced bullishly from there, to keep the bullish trend valid and active for the upcoming period, supported by the EMA50 that carries the price from below, depending on the price stability above 1527.20, noting that we are waiting to visit 1600.00 as a next main target.

More