Nvidia strives to shake off negative pressure - Analysis - 11-01-2021

PayPal Holdings' stock (PYPL) rose 3.16% in the last session amid the complete dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

Wheat price begins the breaking process to 635.00 level and attempts to hold below it, which hints the price head to achieve more decline in the upcoming sessions, affected by the head and shoulders’ pattern that was completed after breaking the mentioned level, making the bearish bias suggested for the rest of the day, waiting to test 625.70 as a first correctional target, taking into consideration that the continuation of the negative scenario depends on the price stability below 635.00 – 640.00 levels.

Sugar price faces negative pressure to break 14.95 and attempts to hold below it, which urges caution from the upcoming trading, as closing the daily candlestick below it will press on the price to start correctional bearish wave that its targets begin at 14.10, while stepping above it again will push the price to resume the main bullish trend that its next target located at 16.00.