IBM's stock fell 1.77% in the last session after the resistance of 129.00 held on, while gathering momentum to help it rise and pierce the resistance, amid negative signals from the RSI, countered by positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 135.20, provided the resistance of 129.00 was breached.
Expected trend for today: Bullish
Wheat price resumes its positive trades to test the bullish channel’s resistance, and the price needs to surpass this level to add more confirmation to the continuation of the expected bullish trend for today, which targets 687.00 as a next station, reminding you that the continuation of the bullish wave depends on the price stability above 652.80.
The expected trading range for today is between 650.00 support and 680.00 resistance.
The expected trend for today: Bullish
Sugar price rallies upwards now to approach our first waited target at 15.62, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which its targets extend to 16.00, reminding you that it is important to hold above 14.80 to achieve the suggested targets.
The expected trading range for today is between 15.00 support and 15.60 resistance
The expected trend for today: Bullish
Soybean price crawls upwards to approach 1413.70 level, getting positive motive through stochastic, waiting for more rise to visit 1448.50 that represents our next positive station, reminding you that the continuation of the bullish trend depends on the price stability above 1388.00.
The expected trading range for today is between 1388.00 support and 1435.00 resistance.
The expected trend for today: Bullish