McDonald's stock (MCD) fell 1.45% in the last session amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, settling at 261.70, while gathering momentum to help it recover, as it vented off overbought saturation in the RSI.
Therefore we expect the stock to return higher, targeting the resistance of 266.00, provided the support of 257.30 holds on.
Expected trend for today: Bullish
3M's stock declined 2% in the last session after touching the resistance of the 50-day SMA, while testing the ceiling of that descending correctional price channel that guided recent short-term trading.
Therefore we expect more losses for the stock, targeting the support of 169.29, provided the resistance of 179.50 holds on.
Expected trend for today: Bearish
Morgan Stanley's stock (MS) fell 3.16% in the last session amid negative pressure from the 50-day SMA, settling at 97.13, while leaning on the upward medium-term trend line, with positive signals from the RSI.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 105.75.
Expected trend for today: Bullish
Wheat price trades negatively now to move away from 773.30 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, and we believe that the way is open to achieve our next target at 742.30, reminding you that the continuation of the bearish wave requires holding below 785.50.
The expected trading range for today is between 750.00 support and 780.00 resistance.
The expected trend for today: Bearish