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Honeywell readies to tackle pivotal resistance - Analysis - 18-03-2021
Honeywell's stock (HON) returned higher with a 0.58% profit in the last session while readying to tackle the pivotal resistance of 216.43, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 230.00.
Expected trend for today: Bullish
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Home Depot stalls - Analysis - 18-03-2021
Home Depot's stock (HD) fell 0.73% in the last session on profit-taking while gathering momentum to help it rise anew as it vents off overbought saturation in the RSI, with positive support from the 50-day SMA.
MoreMidday update for Wheat price 18-03-2021
Wheat price succeeded to reach our first target at 629.40, expecting to break this level to extend the bearish wave towards 614.60 that represents our next negative station, supported by the EMA50 that continues to press on the price, reminding you that the continuation of the expected bearish wave depends on the price stability below 644.20.
MoreMidday update for Brent oil 18-03-2021
Brent oil price shows negative trades to move near 66.85 level, falling under negative pressure formed by the EMA50, which support the chances of breaking the mentioned level to open the way to head towards 65.80 as a next negative station, to keep the bearish trend valid and active for the rest of the day conditioned by the price stability below 67.90.
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