JPMorgan & Chase's stock (JPM) rose 0.58% in the last session, tackling the pivotal resistance of 141.00 amid the dominance of the upward trend in the medium and short terms, with positive pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels.
We expect more gains for the stock, targeting the resistance of 150.00, provided the resistance of 141.00 was breached.
Expected trend for today: Bullish
Wheat price resumes its bullish rally now to attack the recent high, recorded by the middle of this week at 679.40 and succeeds to touch our main waited target at 687.00, opening the way to achieve more expected gains in the upcoming period, which extend to 700.00, to continue suggesting the bullish trend conditioned by the price stability above 652.80.
The expected trading range for today is between 660.00 support and 700.00 resistance.
The expected trend for today: Bullish
Sugar price faces temporary negative pressure to head towards potential test to 15.62 level, which represents the first protection factor to the continuation of the expected bullish trend for today, which gets continuous support by the EMA50, noting that our next main target reaches 16.63.
The expected trading range for today is between 15.80 support and 16.40 resistance
The expected trend for today: Bullish
Soybean price tested the support base formed at 1413.70 and begins rising again now, to support the continuation of the expected bullish trend scenario for today, which depends on the price stability above 1399.50, reminding you that our waited target reaches 1448.50.
The expected trading range for today is between 1400.00 support and 1440.00 resistance.
The expected trend for today: Bullish