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IBM rises in negative zone - Analysis - 02-12-2019

Economies.com
2019-12-02 13:12PM UTC

IBM's stock rose while still settling below the 134.88 resistance, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave, amid pressure from the SMA and the RSI. 

 

Therefore we expect the stock to return lower, targeting the next support at 129.34, representing the ratio 50%. 

 

Expected trend for today: Bearish 

Hewlett-Packard tries to regain footing - Analysis - 02-12-2019

Economies.com
2019-12-02 13:11PM UTC

Hewlett-Packard's stock rose 1.47% in the last session amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, countered by negative signals from the RSI. 

 

Therefore we expect more gains, targeting the pivotal resistance of 21.70. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 02-12-2019

Economies.com
2019-12-02 11:48AM UTC

Wheat price shows sideways and tight trading since morning, settling near 550.00$ barrier, while stochastic shows positive signal that we are waiting to motivate the price to provide positive trades for the rest of the day.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 533.85, reminding you that our next main target is located at 558.25.

 

The expected trading range for today is between 535.00 support and 560.00 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 02-12-2019

Economies.com
2019-12-02 11:48AM UTC

Sugar price tested the support base formed above 12.90 after breaching it previously, accompanied by stochastic reach to the oversold areas, which supports the chances of bouncing bullishly to resume the expected bullish trend for today, organized inside the bullish channel that appears on the chart, waiting to target 13.05 as a next station, reminding you that the continuation of the suggested rise conditions holding above 12.70.

 

The expected trading range for today is between 12.80 support and 13.05 resistance

 

The expected trend for today: Bullish