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JPMorgan ends cautiously higher - Analysis - 21-05-2020

Economies.com
2020-05-21 10:17AM UTC

JPMorgan & Chase's stock rose 3% in the last session amid the dominance of the upward correctional short-term wave, touching the resistance of the 50-day SMA amid positive signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to return lower, targeting the next support at 88.06. 

 

Expected trend for today: Bearish 

Johnson & Johnson tries to garner momentum - Analysis - 21-05-2020

Economies.com
2020-05-21 10:17AM UTC

Johnson & Johnson's stock fell 0.90% in the last session, with negative signals from the RSI, while gathering momentum to help it rise anew, amid the dominance of the main upward trend, with support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 154.13, provided the support of 144.92 holds on. 

 

Expected trend for today: Bearish 

Midday update for Wheat price 21-05-2020

Economies.com
2020-05-21 10:15AM UTC

Wheat price managed to touch the first waited positive target at 520.30 and settles near it, waiting to get enough positive momentum to push the price to breach this level and confirm opening the way to head towards our next target at 536.80.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 503.70 level and holding below it.

 

The expected trading range for today is between 500.00 support and 530.00 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 21-05-2020

Economies.com
2020-05-21 10:15AM UTC

Sugar price shows more bullish bias to keep approaching our first target at 11.45, waiting for more rise affected by the previously completed inverted head and shoulders’ pattern to surpass the mentioned level and head towards 12.16 as a next station.

 

Therefore, the positive scenario will remain active for today unless breaking 10.60 level and holding below it.

 

The expected trading range for today is between 10.80 support and 11.70 resistance

 

The expected trend for today: Bullish