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Goldman Sachs clings to upside trend - Analysis - 27-07-2021

Economies.com
2021-07-27 11:38AM UTC

Goldman Sachs' stock (GS) rose 0.49% in the last session, supported by trading above the 50-day SMA, and amid the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 392.80, provided the support of 355.75 holds on.

 

Expected trend for today: Bullish 

Home Depot tries to vent off overbought saturation - Analysis - 27-07-2021

Economies.com
2021-07-27 11:38AM UTC

Home Depot's stock (HD) fell 0.50% in the last session while gathering momentum to help it rise anew, while venting off overbought saturation in the RSI, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 345.50, provided it holds above 328.30. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 27-07-2021

Economies.com
2021-07-27 08:56AM UTC

Wheat price resumes its negative trading to attack 680.20 level and attempts to confirm breaking it, reinforcing the expectations of the bearish trend, which depends on the price stability below 687.00, while our next main target is located at 659.40.

 

The expected trading range for today is between 670.00 support and 690.00 resistance.

The expected trend for today: Bearish

Midday update for Soybean price 27-07-2021

Economies.com
2021-07-27 08:56AM UTC

Soybean price keeps its stability below 1370.50, to keep the negative pressure valid for today, affected by the previously completed double top pattern, supported by stochastic negativity, waiting to visit 1318.80 mainly, reminding you that it is important to hold below 1370.50 to continue the expected decline.

 

The expected trading range for today is between 1340.00 support and 1380.00 resistance.

 

The expected trend for today: Bearish