|
Midday update for Soybean price 11-03-2020
Soybean price trades near 876.30 level, while stochastic prepares to provide positive overlapping signal on the four hours’ time frame, which forms positive motive that we are waiting to assist to push the price to rise again, as our main positive target located at 893.90.
Therefore, we will keep our bullish overview unless breaking 876.30 level and holding below it.
The expected trading range for today is between 875.00 support and 893.00 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
Midday update for Corn price 11-03-2020
Corn Price shows slight bearish bias now to approach testing the key support 373.80, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking it will press on the price to decline again and head towards 366.00 initially.
MoreMidday update for Brent oil 11-03-2020
Brent oil price broke 37.65 level and settles below it now, which hints the price head to return to the main bearish trend, which makes us prefer staying aside until the price confirms its situation according to the mentioned level.
MoreMidday update for Crude oil 11-03-2020
Crude oil price faces negative pressure to break 34.50 level and approaches the most important support at 33.20, which urges caution from the upcoming trading, as breaking the last level will stop the intraday positive scenario and push the price to return to the main bearish track, to head towards achieving negative targets that start at 30.00.
More