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Midday update for Corn price 17-12-2019
Corn Price shows some slight bearish bias now to approach potential test to 386.3 level, accompanied by stochastic entering the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which depends on the price stability above the mentioned level, while our next main target is located at 394.1.
The expected trading range for today is between 386.0 support and 395.0 resistance.
The expected trend for today: Bullish
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Midday update for the NZDUSD 17-12-2019
The NZDUSD pair faced negative pressure this morning to test the key support 0.6565, and it keeps its stability above it until now, noticing that stochastic reaches the oversold areas, which forms positive motive that reinforce the expectations of resuming the main bullish trend, which its next target located at 0.6650, while achieving it requires holding above 0.6565.
MoreMidday update for the AUDUSD 17-12-2019
The AUDUSD pair shows negative trading since morning to approach the EMA50, while the bullish trend still valid as long as the price is above 0.6670, waiting to get positive motive to push the price to head towards our next positive target at 0.7015.
MoreMidday update for Brent oil 17-12-2019
The tight range dominates Brent oil price trades since morning, to keep the positive scenario valid without any change for today, depending on the price stability above 62.50, noting that stochastic approaches the oversold areas to support the positive overview, which its targets begin at 65.40 and extend further to 68.95 after breaching the previous level.
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