Midday update for Corn price 18-12-2019

Brent oil price fluctuates with slight negativity since morning, and as long as the price is above 64.40, our bullish overview will remain active for today, supported by the EMA50 that keeps carrying the price from below, reminding you that we are waiting to braech 65.40 to confirm rallying towards 68.95 that represents our next main target.

Crude oil price approaches testing the intraday bullish channel’s support line, accompanied by stochastic getting rid of the positive momentum and reaching the thresholds of the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which its targets extend to 62.30 after surpassing the 60.90 level, reminding you that it is important to hold above 59.95 to continue the expected rise.

The GBPUSD pair retests the broken support of the bullish channel and still below it, to keep the correctional bearish pressure suggested for today, which depends on the price stability below 1.3150, reminding you that our next main target reaches 1.2920.