Gilead's stock (GILD) returned lower with a 0.69% profit in the last session, amid negative signals from the RSI, while leaning on the support of the 50-day SMA, amid the dominance of the upward correctional wave in the short term.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 68.28.
Expected trend for today: Bullish
Wheat price trades with clear positivity now to surpass 629.40 level and settles above it, noticing that the price draws positive formation that appears on the chart, which makes us prefer staying neutral until the price confirms its situation according to the key levels represented by 629.40 support and 644.20 resistance.
Note that breaking the mentioned support will reactivate the bearish trend scenario that its next target located at 614.60, while breaching the resistance represents the key to achieve new gains that start by testing 662.45.
The expected trading range for today is between 620.00 support and 640.00 resistance.
The expected trend for today: Neutral
Sugar price retests the broken support of the bearish flag that appears on the chart, and the price needs to hold below 15.65 to keep the bearish trend valid for today, supported by stochastic negativity, reminding you that the waited targets begin by breaking 15.12 to confirm opening the way to head towards 14.60 followed by 13.95 levels.
The expected trading range for today is between 14.90 support and 15.50 resistance
The expected trend for today: Bearish
Soybean price shows slight positive trades after finding solid support at 1382.00 level, and as long as the price is below 1420.00, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 1375.00 and extend to 1304.00.
The expected trading range for today is between 1370.00 support and 1395.00 resistance.
The expected trend for today: Bearish