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Home Depot driven lower by pivotal resistance - Analysis - 20-05-2020
Home Depot's stock slid 2.95% in the last session after the pivotal resistance of 247.00 held on with traders collecting recent profits while the stock gathers momentum and vents off overbought saturation in the RSI, amid the dominance of the upward short-term trend, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 261.23, provided the resistance of 247.00 was breached.
Expected trend for today: Bullish
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Goldman Sachs gathers positive momentum - Analysis - 20-05-2020
Goldman Sachs' stock fell 2.23% in the last session while gathering momentum to help it rise anew, amid positive support from the 50-day SMA, with positive signals from the RSI while the stock moves alongside the upward short-term trend line.
MoreMidday update for Wheat price 20-05-2020
The tight range dominates Wheat price trades since morning, thus, the bearish trend scenario will remain valid without any change for today, which targets 483.20 mainly, while its continuation requires holding below 503.70 and 507.00 levels.
MoreMidday update for Sugar price 20-05-2020
Sugar price provided positive trades to move away from 10.60, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, affected by the previously completed inverted head and shoulders’ pattern, waiting to target 11.45 followed by 12.16 levels as next main stations, reminding you that it is important to hold above 10.60 and 10.45 levels to continue the suggested bullish trend.
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