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Midday update for Corn price 12-03-2020
Corn Price shows negative trades now on its way towards our waited target at 366.00, to keep the bearish trend scenario active in the upcoming sessions, reminding you that breaking this level will push the price to 353.50 as a next negative station, while the expected decline will remain valid unless breaching 373.80 level and holding above it.
The expected trading range for today is between 366.00 support and 375.00 resistance.
The expected trend for today: Bearish
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Midday update for the NZDUSD 12-03-2020
The NZDUSD pair trades with calm negativity to move away gradually from the bearish channel’s resistance, to keep the bearish trend scenario active for the the rest of the day, on its way to visit 0.6190 that represents the first main target, reminding you that the continuation of the bearish wave conditions holding below 0.6324.
MoreMidday update for the AUDUSD 12-03-2020
The AUDUSD pair succeeded to touch our waited target at 0.6430 and surpasses it now to settle below it, which supports the expectations of extending the bearish wave on the short term basis, paving the way to head towards our next target that reaches 0.6230.
MoreMidday update for Brent oil 12-03-2020
Brent oil price faces additional negative pressure to move below 34.80 level now, which urges caution from the upcoming trading, as holding with a daily close below this level will force the price to achieve more decline and head towards 31.57 mainly, while the price needs to consolidate above 34.80 to manage to resume the bullish trend that targets 38.00 followed by 41.17 levels on the near term basis.
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