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Midday update for Soybean price 30-03-2021

Economies.com
2021-03-30 09:13AM UTC

Soybean price attempts to break the horizontal support line that appears on the chart, to support the continuation of our bearish overview, waiting to touch 1375.00 level initially, which breaking it represents the key to rally towards 1304.00 as a next main station, reminding you that the continuation of the expected decline requires holding below 1420.00.

 

The expected trading range for today is between 1365.00 support and 1395.00 resistance.

 

The expected trend for today: Bearish

Midday update for Brent oil 30-03-2021

Economies.com
2021-03-30 09:12AM UTC

Brent oil price shows negative trades to press on the key support 64.85, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend active for today, waiting to get positive momentum to assist to push the price to resume the positive trades that target 66.90 followed by 68.50 levels as next main stations.

 

The expected trading range for today is between 64.00 support and 67.00 resistance.

 

The expected trend for today: Bearish

Midday update for Crude oil 30-03-2021

Economies.com
2021-03-30 09:11AM UTC

Crude oil price retested 61.25 that turns into key support now and keeps its stability above it, to keep the bullish trend scenario valid and active for today, supported by the EMA50 that carries the price from below, depending on the price stability above the mentioned level, reminding you that our waited targets begin at 63.30 and extend to 65.00.

 

The expected trading range for today is between 60.50 support and 63.30 resistance.

The expected trend for today: Bullish

Midday update for Silver 30-03-2021

Economies.com
2021-03-30 09:11AM UTC

Silver price continues to decline to approach our waited target at 24.00, to keep our bearish overview that depends on the price stability below 25.50, supported by the negative pressure provided by the EMA50, reminding you that surpassing the mentioned target will push the price to 22.90 as a next main target.

 

The expected trading range for today is between 24.00 support and 25.00 resistance.

 

The expected trend for today: Bearish