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Facebook sharpens decline - Analysis - 16-09-2022

Economies.com
2022-09-16 12:13PM UTC

Facebook's stock (META) kept falling in the intraday levels, while hurt by piercing the pivotal support of 156.00, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA, amid the dominance of the main downward medium-term trend. 

 

Therefore we expect more losses for the stock, targeting the support of 136.00, provided it settles below 156.00.

 

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Expected trend for today: Bearish

Qualcomm emits signals of weakness - Analysis - 16-09-2022

Economies.com
2022-09-16 12:13PM UTC

Qualcomm's stock (QCOM) fell in the last session amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, with negative signals from the RSI. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 118.023, provided the resistance of 134.0 holds on.

 

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Expected trend for today: Bearish

Midday update for Wheat price 16-09-2022

Economies.com
2022-09-16 10:31AM UTC

Wheat price begins to press on the bullish channel’s support line, to reinforce the chances of continuing the domination of the bearish trend for the rest of the day, reminding you that the next negative targets reach 818.00 followed by 790.00, while failing to break 843.00 will stop the expected decline and push the price to attempt to recover again.

 

The expected trading range for today is between 818.00 support and 870.00 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 16-09-2022

Economies.com
2022-09-16 10:31AM UTC

Sugar price rallies downwards strongly to attack 17.80 level and attempts to confirm breaking it, reinforcing the chances of continuing the domination of the bearish trend in the upcoming sessions, paving the way to achieve more decline that targets 17.50 followed by 17.23 levels as next main stations, noting that the continuation of the bearish trend depends on the price stability below 18.13.

 

The expected trading range for today is between 17.50 support and 18.15 resistance

 

The expected trend for today: Sideways