Corn Price keeps its stability above 373.90 level, to keep the bullish trend scenario active for today, and the price needs to surpass the EMA50 to confirm the continuation of the rise towards our positive targets that start at 380.10 and extend to 386.30 after surpassing the previous level, noting that breaking 373.80 and holding below it will put the price under the negative pressure again.
The expected trading range for today is between 370.00 support and 380.00 resistance.
The expected trend for today: Bullish
The NZDUSD pair returns to test the key resistance 0.6324, and as long as the price is below this level, our bearish overview will remain valid, which targets 0.6190 level initially, noting that breaching the mentioned resistance will push the price to achieve more bullish correction on the intraday basis.
The expected trading range for today is between 0.6190 support and 0.6360
The expected trend for today: Bearish
The AUDUSD pair hovers around the bearish channel’s resistance, falling under the negative pressure formed by the EMA50, to keep the bearish trend scenario valid as it is for today, depending on the price stability below 0.6670, reminding you that our first main target is located at 0.6430.
The expected trading range for today is between 0.6450 support and 0.6640
The expected trend for today: Bearish
Brent oil price returns to rise after the slight decline that it witnessed this morning, approaching 37.00$ barrier, waiting for more rise for the rest of the day to head towards our main positive target at 41.17, noting that stochastic moves at the oversold areas to support the expectations to rise, which require holding above 34.60.
The expected trading range for today is between 35.50 support and 40.00 resistance.
The expected trend for today: Bullish