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Walmart breaches main upward trend line - Analysis - 09-01-2020

Economies.com
2020-01-09 13:15PM UTC

Walmart's stock kept falling in the short term, marking a 0.34% loss amid pressure from the 50-day SMA, with negative signals from the RSI, while piercing the main upward trend line recently. 

 

Therefore we expect more losses for the stock, targeting the support of 113.27. 

 

Expected trend for today: Bearish 

Midday update for Wheat price 09-01-2020

Economies.com
2020-01-09 10:47AM UTC

Wheat price shows positive trades now to move away from 555.4 level, reinforcing the chances of continuing the bullish trend in the upcoming period, supported by the EMA50, reminding you that our next target is located at 567.6, which achieving it conditions holding above 555.4

 

The expected trading range for today is between 550.0 support and 567.6 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 09-01-2020

Economies.com
2020-01-09 10:47AM UTC

Sugar price shows new negative trades in attempt to achieve our main waited target at 13.34, waiting for more decline for the rest of the day, noting that breaking this level will extend the bearish wave on the short term basis, while the expected decline will remain valid unless breaching 13.70 level and holding above it.

 

The expected trading range for today is between 13.30 support and 13.70 resistance

 

The expected trend for today: Bearish

Midday update for Soybean price 09-01-2020

Economies.com
2020-01-09 10:47AM UTC

Soybean price resumes its positive trades to move away from 948.4, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to achieve our main waited target at 960.6, noting that the EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 948.4 and 940.6 levels.

 

The expected trading range for today is between 940.0 support and 960.0 resistance.

 

The expected trend for today: Bullish