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Midday update for Soybean price 14-01-2020

Economies.com
2020-01-14 11:03AM UTC

Soybean price did not show any strong move since morning, to continue fluctuating around the symmetrical triangle support line, and as long as the price is above 940.6, our bullish overview will remain active for today, reminding you that our waited targets begin at 952.0 followed by 960.6.

 

The expected trading range for today is between 938.0 support and 950.0 resistance.

 

The expected trend for today: Bullish

Midday update for Corn price 14-01-2020

Economies.com
2020-01-14 11:03AM UTC

Corn Price shows slight bullish bias in attempt to reach the first waited target at 394.1, waiting for more rise to breach this level and open the way to extend the bullish wave towards 400.0, to continue suggesting the bullish trend for today unless breaking 386.3 level and holding below it.

 

The expected trading range for today is between 386.0 support and 396.0 resistance.

 

The expected trend for today: Bullish

Midday update for the NZDUSD 14-01-2020

Economies.com
2020-01-14 11:03AM UTC

The NZDUSD pair faces additional negative pressure to attack 0.6625 level and moves below it, which urges caution from the upcoming trading, as closing the daily candlestick below this level will push the price towards 0.6544 as a next negative station, while stepping above 0.6625 will push the price back to the bullish track that its next target located at 0.6755.

 

The expected trading range for today is between 0.6560 support and 0.6700

 

The expected trend for today: Bullish

Midday update for Brent oil 14-01-2020

Economies.com
2020-01-14 11:03AM UTC

Brent oil price retests the broken support of the bullish channel, which forms initial resistance that we are waiting to protect today’s suggested negative scenario, waiting for bearish rebound to visit 62.50 as a next main station.

 

In general, the bearish trend will remain suggested for the upcoming period unless the price rallied to breach 65.40 level and hold above it.

 

The expected trading range for today is between 62.00 support and 65.00 resistance.

 

The expected trend for today: Bearish