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Midday update for Corn price 20-05-2020
Corn Price shows negative trades to approach 317.00 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which needs to break 317.00 to ease the mission of rallying towards our main target at 307.60.
Therefore, we will keep our bullish overview unless the price rallied to breach 326.10 level and hold above it.
The expected trading range for today is between 310.00 support and 326.10 resistance.
The expected trend for today: Bearish
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Midday update for the NZDUSD 20-05-2020
The NZDUSD pair provided positive trades this morning to keep its stability above 0.6073, thus, our bullish overview will remain valid in the upcoming sessions, depending on the price stability above the mentioned level, supported by the EMA50 that carries the price from below, reminding you that our next station extends to 0.6216.
MoreMidday update for the AUDUSD 20-05-2020
The AUDUSD pair fluctuates within sideways track since morning, settling around 0.6535, while stochastic attempts to get rid of its negativity to gain the positive momentum on the four hours’ time frame, thus, the bullish trend scenario will remain valid for the upcoming period conditioned by the price stability above 0.6407, noting that we are waiting to breach 0.6595 to open the way to rally towards 0.6685 as a next main station.
MoreMidday update for Brent oil 20-05-2020
Brent oil price started attempts to breach the bullish flag’s resistance that confines the recent trades, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting for more rise to head towards the positive targets that start at 36.00 and extend to 37.70, reminding you that it is important to hold above 34.00 to continue the expected rise.
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