McDonald's stock fell 2.49% in the last session after the resistance of 202.51 held on, while gathering momentum to help it pierce that resistance later on, as it vents off overbought saturation from the RSI, while trading alongside the upward short-term trend line, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 218.12, provided the resistance of 202.51 was breached.
Expected trends for today: Bullish
Coca-Cola's stock fell 0.62% in the last session while gathering momentum and venting off overbought saturation from the RSI, while buoyed by piercing the main downward trend line, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 53.78, provided the resistance of 49.72 was breached.
Expected trends for today: Bullish
JPMorgan & Chase's stock rose 0.43% in the last session while trading alongside the main downward medium-term trend line, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA.
Therefore we expect the stock to decline and target the support of 92.61, provided the resistance of 104.17 holds on.
Expected trends for today: Bearish
Wheat price tests the EMA50 that forms good intraday resistance against the price, and as long as the price is below 536.80, our bearish overview will remain valid for today, supported by stochastic loss to the positive momentum, reminding you that our targets begin by breaking 520.20 to confirm extending the bearish wave towards 503.70.
The expected trading range for today is between 517.00 support and 532.00 resistance.
The expected trend for today: Bearish