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Hewlett-Packard stages tactical decline - Analysis - 03-05-2021

Economies.com
2021-05-03 09:12AM UTC

Hewlett-Packard's stock (HPQ) fell in the intraday levels with negative signals from the RSI while gathering momentum to maintain the main upward trend in the medium and short terms, while venting off overbought saturation in the RSI, coupled with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 35.00. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 03-05-2021

Economies.com
2021-05-03 09:35AM UTC

Wheat price faced solid resistance around 750.00 to show some slight bearish bias now, and the price needs to gather enough positive momentum to push trades to rise again, as the bullish trend scenario still active for the upcoming period as long as 726.80 remains intact, reminding you that our next positive target is located at 770.00.

 

The expected trading range for today is between 730.00 support and 770.00 resistance.

The expected trend for today: Bullish

 

Midday update for Soybean price 03-05-2021

Economies.com
2021-05-03 09:34AM UTC

Soybean price tested the support base formed at 1527.20 and bounced bullishly from there, to keep the bullish trend valid and active for the upcoming period, which target 1573.30 as a next main station, noting that breaking 1527.20 will press on the price to turn to decline and head towards 1500.00 initially.

 

The expected trading range for today is between 1530.00 support and 1570.00 resistance.

 

The expected trend for today: Bullish

Midday update for Corn price 03-05-2021

Economies.com
2021-05-03 09:34AM UTC

Corn price fluctuates around 683.60 level since morning, finding difficulty to confirm surpassing this level affected by stochastic negativity, waiting to get positive momentum that assist to push the price to resume the expected bullish trend for the upcoming period, which its next target located at 730.00.

 

The EMA50 continues to support the price from below, to keep our bullish overview conditioned by the price stability above 673.30.

 

The expected trading range for today is between 680.00 support and 720.00 resistance.

The expected trend for today: Bullish