Soybean price shows slight positive trades after finding solid support at 1382.00 level, and as long as the price is below 1420.00, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 1375.00 and extend to 1304.00.
The expected trading range for today is between 1370.00 support and 1395.00 resistance.
The expected trend for today: Bearish
Corn price tests 570.40 level, affected by stochastic positivity, waiting to rebound bearishly to resume the expected bearish trend for today, reminding you that our next negative target is located at 546.00.
The expected trading range for today is between 555.00 support and 572.00 resistance.
The expected trend for today: Bearish
Brent oil price returns to rise to surpass 63.40 level and head towards potential test to the most important resistance 64.20, and as we mentioned this morning, the price needs to hold below these levels to keep the bearish trend scenario valid for today, as breaching the last level will push the price to turn to rise, while breaking 63.40 represents the key to reactivate the bearish trend that its next main target located at 60.30.
The expected trading range for today is between 61.50 support and 64.20 resistance.
The expected trend for today: Bearish
Crude oil price continues to fluctuate around 59.85 level and shows some positive trades now, which urges caution from the upcoming trading, as the price needs to consolidate below the mentioned level to keep the bearish trend valid for the upcoming period, which its next target located at 57.25.
We should note that confirming breaching 59.85 will lead the price to turn to rise and achieve gains that start at 62.25 and extend to 63.75.
The expected trading range for today is between 58.00 support and 60.50 resistance.
The expected trend for today: Bearish