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Honeywell pierces pivotal resistance - Analysis - 29-03-2021

Economies.com
2021-03-29 11:53AM UTC

Honeywell's stock (HON) rose 2.17% in the last session amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 230.00.

 

Expected trend for today: Bullish 

Update: Gold price activates the negative scenario

Economies.com
2021-03-29 15:16PM UTC

Gold price traded with strong negativity to break 1720.00 and head towards activating the negative scenario in the upcoming sessions, on its way to achieve negative targets that start at 1700.00 followed by 1692.00, taking into consideration that the continuation of the decline conditions holding below 1720.00.

Midday update for Wheat price 29-03-2021

Economies.com
2021-03-29 09:27AM UTC

Wheat price keeps its stability below 614.60, to keep the negative pressure valid for today, noticing that stochastic begins to overlap negatively to motivate the price to provide new negative trades in the upcoming sessions, reminding you that our next main target is located at 596.30.

 

The expected trading range for today is between 595.00 support and 615.00 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 29-03-2021

Economies.com
2021-03-29 09:26AM UTC

Sugar price resumes its negative trades to surpass 15.00 and moves away from it, which support the continuation our bearish overview efficiently for the rest of the day, which gets continuous support by the EMA50, waiting to visit 14.34 as a next main target, reminding you that it is important to hold below 15.55 to continue the expected decline.

 

The expected trading range for today is between 14.70 support and 15.25 resistance

 

The expected trend for today: Bearish