Soybean price attempts to breach the bearish trend line, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which depends on the price stability above 1225.90, motivated by the positive signal provided by stochastic now, reminding you that our next main target is located at 1270.00.
The expected trading range for today is between 1225.00 support and 1250.00 resistance.
The expected trend for today: Bullish
Brent oil price declines gradually and moves below 84.00 barrier, waiting for more decline to visit 83.00 followed by 81.40 levels that represent our main targets, noting that stochastic continues to provide the negative signals that reinforce the expectations of continuing the decline, which will remain valid unless breaching 85.15 and holding above it.
The expected trading range for today is between 82.50 support and 85.15 resistance.
The expected trend for today: Bearish
Brent oil price declines gradually and moves below 84.00 barrier, waiting for more decline to visit 83.00 followed by 81.40 levels that represent our main targets, noting that stochastic continues to provide the negative signals that reinforce the expectations of continuing the decline, which will remain valid unless breaching 85.15 and holding above it.
The expected trading range for today is between 82.50 support and 85.15 resistance.
The expected trend for today: Bearish
Crude oil price shows calm bearish bias to gradually approach our first waited target at 81.75, waiting to break this level to confirm the activation of the negative pattern that targets 80.45 as a next negative station, to keep our bearish overview for the rest of the day unless the price rallied to breach 83.85 and hold above it.
The expected trading range for today is between 81.00 support and 83.60 resistance.
The expected trend for today: Bearish