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Oracle leans on SMA support - Analysis - 14-09-2021

Economies.com
2021-09-14 10:22AM UTC

Oracle's stock (ORCL) fell 0.88% in the last session while gathering momentum to help it rise anew, leaning on the support of the 50-day SMA, with the dominance of the main upward trend in the medium term, with positive signals from the RSI.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 91.10, provided the support of 86.80 holds on.

 

Expected trend for today: Bullish 

Adobe seeks a bottom to bolster it higher - Analysis - 14-09-2021

Economies.com
2021-09-14 10:21AM UTC

Adobe's stock (ADBE) fell 2.09% in the last session while gathering momentum to bolster it higher, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA, while the RSI reached oversold levels, compared to the stock's movements. 

 

Therefore we expect the stock to return higher, targeting the important resistance of 670.30, provided the support of 622.60 holds on.

 

Expected trend for today: Bullish 

Gilead tries to regain footing - Analysis - 14-09-2021

Economies.com
2021-09-14 10:21AM UTC

Gilead's stock (GILD) rose 0.23% in the last session amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the resistance of 73.25 anew, provided the pivotal support of 70.00 holds on.

 

Expected trend for today: Bullish 

Midday update for Wheat price 14-09-2021

Economies.com
2021-09-14 09:28AM UTC

Wheat price surpassed the EMA50 to test the key resistance 696.80, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend active for today, supported by stochastic negativity, noting that our main waited target is located at 676.60

 

The expected trading range for today is between 676.00 support and 696.00 resistance.

The expected trend for today: Bearish