Hewlett-Packard's stock rose 1.47% in the last session amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect more gains, targeting the pivotal resistance of 21.70.
Expected trend for today: Bullish
Wheat price shows sideways and tight trading since morning, settling near 550.00$ barrier, while stochastic shows positive signal that we are waiting to motivate the price to provide positive trades for the rest of the day.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 533.85, reminding you that our next main target is located at 558.25.
The expected trading range for today is between 535.00 support and 560.00 resistance.
The expected trend for today: Bullish
Sugar price tested the support base formed above 12.90 after breaching it previously, accompanied by stochastic reach to the oversold areas, which supports the chances of bouncing bullishly to resume the expected bullish trend for today, organized inside the bullish channel that appears on the chart, waiting to target 13.05 as a next station, reminding you that the continuation of the suggested rise conditions holding above 12.70.
The expected trading range for today is between 12.80 support and 13.05 resistance
The expected trend for today: Bullish
Soybean price shows negative trading to move away gradually from the minor bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which gets continuous support by the EMA50, waiting to visit 870.00 level as a next main target, while holding below 886.00 represents key condition to achieve the mentioned target.
The expected trading range for today is between 874.20 support and 885.00 resistance.
The expected trend for today: Bearish