Corn price breached 416.30$ level clearly and rallied upwards to approach 425.30$ level, to turn to rise on the intraday basis and head towards achieving expected gains in the upcoming sessions, noting that breaching the last level will push the price towards 434.30$ as a next positive target.

Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 416.3$ and holding below it.

The expected trading range for today is between 418.00$ support and 430.00$ resistance.

Trend forecast: Bullish

The NZDUSD price provides new positive trades by today’s open, waiting to breach 0.6070$ to confirm the activation of the positive effect of the falling wedge pattern followed by rallying towards our main expected target at 0.6140$.

Therefore, the bullish trend scenario will remain valid and active, noting that breaking 0.6025$ followed by 0.6000$ levels will stop the bullish bias and push the price to suffer more losses in the upcoming period.

The expected trading range for today is between 0.6010$ support and 0.6110$ resistance

Trend forecast: Bullish

The AUDUSD price finds solid resistance at 0.6697$ level and finds difficulty to breach it, as it bounced bearishly in the previous sessions, but we notice that the price begins today with new rise to test the mentioned level, waiting to breach this level to confirm opening the way to head towards 0.6744$ as a next positive station.

On the other hand, we should note that breaking 0.6650$ will stop the positive scenario and put the price under more negative pressure on the intraday and short term basis.

The expected trading range for today is between 0.6650$ support and 0.6750$ resistance

Trend forecast: Bullish

Brent oil price continued to rise to breach 75.36$ and close the daily candlestick above it, to confirm stopping the recently suggested negative scenario and turn to rise, to head towards achieving positive targets that start at 76.84$ and extend to 78.66$ after breaching the previous level.

Moving above the EMA50 supports the expected bullish trend, while breaking 75.36$ will stop the bullish rally and push the price to decline again.

The expected trading range for today is between 74.70$ support and 77.70$ resistance.

Trend forecast: Bullish