Corn price faces negative pressure to attack the minor bullish channel’s support line that appears on the chart, which urges caution from the upcoming trading, as holding below 415.00 will stop the recently suggested positive scenario and push to start bearish correction that its targets begin at 395.50.

The expected trading range for today is between 412.00 support and 425.00 resistance.

The expected trend for today: Bullish

The tight range dominates the NZDUSD pair’s trades since morning, therefore, no change to the bullish trend scenario that targets 0.6788 as a next main station, while failing to breach 0.6705 will put the price under negative pressure that its targets begin at 0.6590.

The expected trading range for today is between 0.6640 support and 0.6760

The expected trend for today: Bullish

The AUDUSD pair did not show any strong move since morning, to continue fluctuating around 0.7120, therefore, no change to the bearish trend scenario that depends on the price stability below 0.7170, while its main waited targets located at 0.7000 followed by 0.6964.

The expected trading range for today is between 0.7050 support and 0.7180

The expected trend for today: Bearish

Brent oil price succeeded to reach our waited target at 40.23 after the strong additional decline that it witnessed this morning, and we expect to break this level to open the way to extend the bearish wave on the short term basis, as its next target is located at 38.80.

Therefore, the negative scenario will remain dominant in the upcoming sessions, taking into consideration that failing to break 40.23 will lead the price to start bullish wave that its targets begin by testing 42.30 areas.

The expected trading range for today is between 39.50 support and 42.30 resistance.

The expected trend for today: Bearish