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Midday update for Corn price 11-03-2020
Corn Price shows slight bearish bias now to approach testing the key support 373.80, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking it will press on the price to decline again and head towards 366.00 initially.
Stochastic gets rid of its negativity to support the chances of continuing the expected bullish trend, reminding you that our targets begin at 380.10 and extend to 386.30 after surpassing the previous level.
The expected trading range for today is between 370.00 support and 383.00 resistance.
The expected trend for today: Bullish
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Midday update for Brent oil 11-03-2020
Brent oil price broke 37.65 level and settles below it now, which hints the price head to return to the main bearish trend, which makes us prefer staying aside until the price confirms its situation according to the mentioned level.
MoreMidday update for Crude oil 11-03-2020
Crude oil price faces negative pressure to break 34.50 level and approaches the most important support at 33.20, which urges caution from the upcoming trading, as breaking the last level will stop the intraday positive scenario and push the price to return to the main bearish track, to head towards achieving negative targets that start at 30.00.
MoreMidday update for Silver 11-03-2020
Silver price shows slight bearish bias to test 16.96 level, and the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, as breaking it will put the price under negative pressure that targets testing 16.33 level initially, while our first positive target is located at 17.60.
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