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Starbucks clings to upside trend - Analysis - 10-06-2021

Economies.com
2021-06-10 10:27AM UTC

Starbucks' stock fell 0.12% in the last session amid negative pressure from the 50-day SMA, while still leaning on the main upward medium-term trend, with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 118.60. 

 

Expected trend for today: Bullish 

Midday update for Soybean price 10-06-2021

Economies.com
2021-06-10 09:18AM UTC

Soybean price shows positive trades now to start testing 1496.50 level, and the price needs to surpass this level to confirm the continuation of the bullish wave to reach 1525.50 as a next main target.

 

Therefore, our bullish overview will remain valid and active conditioned by the price stability above 1467.40.

 

The expected trading range for today is between 1475.00 support and 1510.00 resistance.

 

The expected trend for today: Bullish

Midday update for Corn price 10-06-2021

Economies.com
2021-06-10 09:18AM UTC

Corn price resumes its positive trading to move away from 648.10, reinforcing the expectations of continuing the bullish trend for today, which targets 676.90 level as a next main station, taking into consideration that holding above 648.10 represents the first protection factor to the continuation of the expected rise.

 

The expected trading range for today is between 640.00 support and 660.00 resistance.

The expected trend for today: Bullish

Midday update for Brent oil 10-06-2021

Economies.com
2021-06-10 09:17AM UTC

Brent oil price resumes its positive trading to surpass 72.00 barrier and head to achieve more gains in the upcoming sessions, to support the continuation of the positive scenario that its targets begin by breaching the recently recorded high at 72.85 to ease the mission of heading towards 74.70, noting that the continuation of the bullish wave requires holding above 71.50.

 

The expected trading range for today is between 70.50 support and 73.30 resistance.

 

The expected trend for today: Bullish