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General Motors seeks bottom to bounce higher - Analysis - 11-01-2021

Economies.com
2022-01-11 10:55AM UTC

General Motors' stock (GM) tumbled 1.93% in the last session, amid negative signals from the RSI after reaching overbought levels, while seeking a bottom to bounce it higher, amid the dominance of the upward short-term trend, with support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 67.00, provided the support of 58.80 holds on.

 

Expected trend for today: Bullish

Midday update for Sugar price 11-01-2022

Economies.com
2022-01-11 10:58AM UTC

Sugar price trades with clear positivity to breach 17.70 level, which urges caution from the upcoming trading, as consolidating above this level will push the price to test 18.25 level initially before any new attempt to decline, while the price needs to trade below 17.70 again to resume the bearish trend that its next target located at 17.00.

 

The expected trading range for today is between 17.30 support and 18.00 resistance

 

The expected trend for today: Bearish

Midday update for Brent oil 11-01-2022

Economies.com
2022-01-11 10:58AM UTC

Brent oil price trades with clear positivity to move away from 80.80 level, attempting to return to the bullish channel again, reinforcing the expectations of continuing the bullish trend for the rest of the day, and we believe that the way is open to achieve more gains that reach 84.55 as a next station, reminding you that it is important to hold above 80.80 to continue the expected rise.

 

The expected trading range for today is between 79.80 support and 82.50 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 11-01-2022

Economies.com
2022-01-11 10:58AM UTC

Crude oil price resumes its positive trades to test 79.80 level, waiting to breach this level to reinforce the expectations of continuing the bullish trend in the upcoming sessions, which its next main target located at 81.75, reminding you that the continuation of the bullish wave requires holding above 78.00.

 

The expected trading range for today is between 77.50 support and 80.40 resistance.

The expected trend for today: Bullish