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McDonald's barely improves - Analysis - 03-06-2020

Economies.com
2020-06-03 11:37AM UTC

McDonald's stock rose 0.10% in the last session with negative signals from the RSI, coupled with support from the 50-day SMA, while trading alongside the upward short-term trend line. 

 

Therefore we expect more gains for the stock, targeting the resistance of 199.75, provided the resistance of 187.43 was breached. 

 

Expected trend for today: Bullish 

Coca-Cola declines alongside upward trend line - Analysis - 03-06-2020

Economies.com
2020-06-03 11:37AM UTC

Coca-Cola's stock fell 0.19% in the last session while gathering momentum to help it rise anew, as it vented off overbought saturation from the RSI, while trading alongside the upward short-term trend line, with support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 49.72, provided the support of 44.62 holds on. 

 

Expected trend for today: Bullish 

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