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Midday update for Soybean price 18-12-2019
Soybean price shows slight bearish bias after testing 937.6 previously, noticing that stochastic begins to provide positive signals now, to support the chances of resuming the expected bullish trend for the upcoming period, which its targets begin by breaching 937.6 to reinforce the chances of heading towards 957.0 as a next station, reminding you that it is important to hold above 925.6 to continue the expected bullish trend.
The expected trading range for today is between 930.0 support and 945.0 resistance.
The expected trend for today: Bullish
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Midday update for Corn price 18-12-2019
The tight range dominates Corn Price trades since morning, and as long as the price is above 386.3, our bullish overview will remain valid for today, supported by the EMA50, besides stochastic approach to the oversold areas, reminding you that our next main target is located at 394.1
MoreMidday update for Brent oil 18-12-2019
Brent oil price fluctuates with slight negativity since morning, and as long as the price is above 64.40, our bullish overview will remain active for today, supported by the EMA50 that keeps carrying the price from below, reminding you that we are waiting to braech 65.40 to confirm rallying towards 68.95 that represents our next main target.
MoreMidday update for Crude oil 18-12-2019
Crude oil price approaches testing the intraday bullish channel’s support line, accompanied by stochastic getting rid of the positive momentum and reaching the thresholds of the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which its targets extend to 62.30 after surpassing the 60.90 level, reminding you that it is important to hold above 59.95 to continue the expected rise.
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