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Disney gives in to negative pressure - Analysis - 12-05-2021
Disney's stock (DIS) fell 1.43% in the last session amid negative signals from the RSI, while trading below the 50-day SMA, with the dominance of the downward correctional short-term wave, while hurt by piercing the upside trend line recently.
Therefore we expect more losses for the stock, targeting the first support at 173.00, provided the support of 180.90 was breached.
Expected trend for today: Bearish
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Caterpillar stalls - Analysis - 12-05-2021
Caterpillar's stock (CAT) fell 1.36% in the last session on profit-taking, while gathering momentum to help it rise anew, while also venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.
MoreMidday update for Wheat price 12-05-2021
Wheat price is affected by stochastic negativity, to show some slight bearish bias now, and as long as the price is above 726.80, our bullish overview will remain valid and active for the upcoming period, supported by the EMA50, reminding you that our next target is located at 758.00.
MoreMidday update for Sugar price 12-05-2021
Sugar price shows more bullish bias to move away from 18.00 level, reinforcing the expectations of extending the bullish wave in the upcoming period, and the way is open to head towards our next target at 18.87, which achieving it requires holding above 17.40.
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