Ford Motor's stock rose and tested the downward trend line while also touching the 50-day SMA line, amid negative signals from the RSI, marking a tentative profit of 1.82%.
Therefore we expect the stock to return lower, targeting the first support of 8.70.
Expected trend for today: Bearish
McDonald's stock fell after the resistance of 195.46 held on, representing the ratio 50% of Fibonacci levels, amid pressure from the 50-day SMA, marking a minute 0.2% loss in the last session.
Therefore we expect more losses, targeting the next support at 189.16, representing 61.8% of Fibonacci levels.
Expected trend for today: Bearish
Morgan Stanley's stock rose 0.78% in the last session amid the dominance of the main upward short-term trend, with positive support from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect more gains, targeting the resistance of 51.70.
Expected trend for today: Bullish
Wheat price provided more negative trades to break 501.77 level and settles below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets 491.86 level mainly, noting that holding below 501.77 represents initial condition to continue the suggested decline, as breaching it will push the price to test 514.00 areas before any new attempt to decline.
The expected trading range for today is between 490.00 support and 505.00 resistance.
The expected trend for today: Bearish