Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Starbucks suffers from negative pressures - Analysis - 13-10-2021

Economies.com
2021-10-13 12:11PM UTC

Starbucks' stock (SBUX) rose 0.05% in the last session, settling at 111.00, while trading within a descending price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the first support at 109.45, provided the resistance of 114.45 holds on.

 

Expected trend for today: Bearish

Midday update for Wheat price 13-10-2021

Economies.com
2021-10-13 09:40AM UTC

Wheat price tests the key resistance 741.90, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for today, which depends on the price stability below the mentioned resistance and below 745.00, reminding you that our next main target is located at 717.00.

 

The expected trading range for today is between 725.00 support and 745.00 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 13-10-2021

Economies.com
2021-10-13 09:40AM UTC

Sugar price faces additional negative pressure to reach the key support 19.72, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active, supported by stochastic reach to the oversold areas, waiting to resume the bullish bias to visit 20.60 as a first main target.

 

The expected trading range for today is between 19.70 support and 20.60 resistance

 

The expected trend for today: Bullish

Midday update for Brent oil 13-10-2021

Economies.com
2021-10-13 09:39AM UTC

Brent oil price fluctuates with slight negativity, and as long as the price is below 83.55, our bearish overview will remain valid and active for today, supported by the formation of negative pattern that we expect to push the price towards our negative targets that start at 80.85 and extend to 79.25 after breaking the previous level.

 

The expected trading range for today is between 81.20 support and 84.00 resistance.

 

The expected trend for today: Bearish