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Microsoft climbs in negative territory - Analysis - 25-03-2020

Economies.com
2020-03-25 10:58AM UTC

Microsoft's stock surged 9.09% in the last session to settle at 148.34, while still remaining below the pivotal resistance of 153.63, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the long term (from 94.06 to 190.56), with negative pressure from the 50-day SMA, while the stock is hurt by piercing the main upward trend line.

 

Therefore we expect the stock to return lower, targeting the support of 131.00, which represents the ratio 61.8%. 

 

Expected trend for today: Bearish 

Intel rises in volatile session - Analysis - 25-03-2020

Economies.com
2020-03-25 10:58AM UTC

Intel's stock spiked 5.69% in the last session while trying to recoup past heavy losses, amid positive signals from the RSI, with the dominance of the downward short-term trend, coupled with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the support of 48.55. 

 

Expected trend for today: Bearish 

Google rallies - Analysis - 25-03-2020

Economies.com
2020-03-25 10:57AM UTC

Google's stock rallied 7.37% in the last session, steadying at 1,134 with positive signals from the RSI, countered by negative pressure from the 50-day SMA and the dominant downward correctional trend. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 1,025. 

 

Expected trend for today: Bearish 

Midday update for Wheat price 25-03-2020

Economies.com
2020-03-25 10:55AM UTC

Wheat price shows additional positive trades to move away from 557.30, to support the continuation of the bullish trend expectations in the upcoming sessions, waiting to head towards 577.00 followed by 590.50 levels as next main stations, reminding you that it is important to hold above 557.30 to continue the expected rise.

 

The expected trading range for today is between 555.00 support and 570.00 resistance.

The expected trend for today: Bullish