General Motors' stock (GM) rose 0.8% in the last session after leaning on the support of the 50-day SMA, while buoyed by piercing the downward correctional trend line previously, amid negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to rise and target the resistance of 56.95, provided it settles above 52.20.
Expected trend for today: Bullish
Disney's stock (DIS) rose 4.04% in the last session amid attempts to vent off oversold saturation in the RSI amid positive signals out of it, with the dominance of the downward correctional short-term trend, coupled with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of 167.10, provided the resistance of 175.65 holds on.
Expected trend for today: Bearish
Ford's stock (F) closed unchanged amid attempts to gather momentum, with support from the 50-day SMA, and amid the dominance of the main upward trend in the medium term, with negative signals from the RSI after reaching overbought levels amid attempts to vent off that saturation.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 16.40, provided the resistance of 14.79 was breached.
Expected trend for today: Bullish
Wheat price resumes its positive trades to reach 760.00 barrier, waiting for more rise to head towards our next main target at 782.20, to keep the bullish trend scenario valid and active for the rest of the day, supported by the EMA50, reminding you that the continuation of the bullish wave requires holding above 741.90.
The expected trading range for today is between 740.00 support and 775.00 resistance.
The expected trend for today: Bullish