Corn Price crawls upwards gradually in attempt to approach our waited positive target at 326.10, to keep the positive scenario active for today, reminding you that the expected rise is temporary, waiting to rebound bearishly to resume the main bearish trend that its next target located at 307.60, noting that breaking 317.00 followed by 316.40 levels will press on the price to decline and stop the suggested positive scenario.
The expected trading range for today is between 314.00 support and 326.10 resistance.
The expected trend for today: Bullish temporarily
The NZDUSD pair faces negative pressure now to approach testing 0.6073 level, and as long as the price is above this level, our bullish overview will remain valid, supported by the EMA50 besides stochastic approach to the oversold areas, reminding you that our next main target is located at 0.6216.
The expected trading range for today is between 0.6070 support and 0.6216
The expected trend for today: Bullish
The AUDUSD pair shows bearish bias to return to 0.6500 barrier, while stochastic begins to get rid of the negative momentum, waiting to get enough positive motive to push the price to resume the main bullish trend, which its next target located at 0.6685, while achieving it requires holding above 0.6407.
The expected trading range for today is between 0.6460 support and 0.6600
The expected trend for today: Bullish
Brent oil price trades negatively to press on 29.80 level and attempts to break it, which supports the continuation of the expected bearish trend scenario for today, which its next target located at 27.90, noting that surpassing the last level will extend the bearish wave to reach 26.00.
On the other hand, it is important to note that failing to break 29.80 and rallying to breach 32.20 will stop the expected decline and push the price to resume the short term bullish wave.
The expected trading range for today is between 28.00 support and 32.00 resistance.
The expected trend for today: Bearish