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Oracle receives positive support - Analysis - 26-10-2020

Economies.com
2020-10-26 12:33PM UTC

Oracle's stock (ORCL) rose 0.35% in the last session after gaining momentum and leaning on the support of the 50-day SMA, while testing the main upward trend line in the medium term, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the record resistance of 63.35, provided the support of 59.25 holds on.

 

Expected trend for today: Bullish 

Adobe strives for recovery - Analysis - 26-10-2020

Economies.com
2020-10-26 12:33PM UTC

Adobe Systems' stock (ADB) fell 0.61% in the last session as the support of 477.17 held on, with the stock leaning on the main upward medium-term trend line, while leaning on the support of the 50-day SMA, with positive signals from the RSI. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 534.14, provided the support of 477.17 holds on. 

 

Expected trend for today: Bullish 

Midday update for Wheat price 26-10-2020

Economies.com
2020-10-26 09:19AM UTC

Wheat price shows bearish bias now to test the key support 620.00, and the price needs to hold above this level to keep the bullish trend valid for today, as breaking it will press on the price to achieve additional decline that reaches 613.50 before turning back to rise again, while the price needs to get positive momentum to assist to push trades to resume the bullish trend that its next main targets located at 636.30 followed by 640.00.

 

The expected trading range for today is between 624.00 support and 636.00 resistance.

The expected trend for today: Bullish

 

Midday update for Sugar price 26-10-2020

Economies.com
2020-10-26 09:19AM UTC

Sugar price trades negatively to press on the bullish trend line, and as we mentioned in our recent reports, the price needs to hold above this support at 14.35 to keep the bullish trend scenario active for the upcoming period, which targets 15.14 as a next positive station, noting that confirming breaking the mentioned support will press on the price to visit 13.73 before any new positive attempt.

 

The expected trading range for today is between 14.40 support and 15.00 resistance

 

The expected trend for today: Bullish