Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

JPMorgan rises cautiously - Analysis - 03-06-2020

Economies.com
2020-06-03 11:36AM UTC

JPMorgan & Chase's stock rose 0.33% in the last session amid the dominance of the upward short-term trend, with support from the 50-day SMA, with negative signals from the RSI, while venting off overbought saturation. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 104.17. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 03-06-2020

Economies.com
2020-06-03 09:27AM UTC

Wheat price did not show any strong move since morning, to continue fluctuating below the EMA50, thus, the bearish trend scenario will remain valid as it is for today, which its first target located at 503.70, reminding you that it is important to hold below 520.30 to continue the expected decline.

 

The expected trading range for today is between 500.00 support and 515.00 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 03-06-2020

Economies.com
2020-06-03 09:27AM UTC

Sugar price resumes its positive trades to succeed reaching our first waited target at 11.45, waiting for more rise to breach this level and extend the bullish wave towards 12.16 as a next station.

 

In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 10.86 followed by 10.60 levels and holding below them.

 

The expected trading range for today is between 11.00 support and 11.70 resistance

 

The expected trend for today: Bullish

Midday update for Soybean price 03-06-2020

Economies.com
2020-06-03 09:27AM UTC

Soybean price settles above 850.40 level, moving inside the intraday bullish channel that appears on the chart, to keep the bullish trend scenario valid for the rest of the day, which targets 871.40 level as a next correctional station, reminding you that the continuation of the expected rise requires holding above 850.40 and 844.30 levels.

 

The expected trading range for today is between 850.00 support and 865.00 resistance.

 

The expected trend for today: Bullish