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Midday update for Corn price 12-05-2021
Corn price settles above the bullish channel’s support line, getting continuous support by the EMA50, thus, our bullish overview will remain valid for today, which depends on the price stability above 700.00 and 690.00 levels, while our next target is located at 730.00.
The expected trading range for today is between 690.00 support and 720.00 resistance.
The expected trend for today: Bullish
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Midday update for the NZDUSD 12-05-2021
The NZDUSD pair trades with clear negativity to test the EMA50 that forms good support against the price now, waiting to push trades to rise again and resume the bullish bias within the intraday bullish channel, to keep our bullish overview conditioned by the price stability above 0.7185, reminding you that we are waiting to visit 0.7400 as a next main target.
MoreMidday update for the AUDUSD 12-05-2021
The AUDUSD pair faces negative pressure to attack 0.7810 level and moves below it to head towards potential test to the most important support at 0.7765 before attempting to return to rise again.
MoreMidday update for Brent oil 12-05-2021
Brent oil price tested 69.00 barrier and finds solid resistance there, and as long as the price is above 67.75, our bullish overview will remain valid for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to head towards 71.35 that represents our next main target.
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