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Hewlett-Packard tries to regain footing - Analysis - 17-09--2020

Economies.com
2020-09-17 11:21AM UTC

Hewlett-Packard's stock rose 0.78% in the last session while trading alongside the upward medium-term trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the important resistance of 20.21, provided the support of 18.70 holds on. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 17-09-2020

Economies.com
2020-09-17 09:32AM UTC

Wheat price trades with strong positivity now to surpass 544.00 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will push the price to achieve additional gains that reach 548.80 followed by 557.30, while trading below it again will reactivate the bearish trend scenario that targets 536.80 level initially.

 

Therefore, we will stay neutral temporarily until the price confirms its situation according to 544.00 to detect its next destination clearly.

 

The expected trading range for today is between 525.00 support and 550.00 resistance.

The expected trend for today: Neutral

Midday update for Sugar price 17-09-2020

Economies.com
2020-09-17 09:32AM UTC

Sugar price fluctuates near 12.86 level and keeps its stability below it until now, while stochastic provides negative overlapping signal now, waiting to resume the bearish trend in the upcoming sessions, which depends on the price stability below the mentioned level, reminding you that our main expected target reaches 12.16.

 

The expected trading range for today is between 12.16 support and 13.00 resistance

 

The expected trend for today: Bearish

Midday update for Soybean price 17-09-2020

Economies.com
2020-09-17 09:32AM UTC

Soybean price shows new positive trades to move away from 1010.00, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to achieve our next positive targets at 1021.00 followed by 1039.60, reminding you that it is important to hold above 1010.00 to continue the expected rise.

 

The expected trading range for today is between 1000.00 support and 1025.00 resistance.

 

The expected trend for today: Bullish