Sugar price shows new positive trades to touch 18.00 level, waiting for more bullish bias to test 18.20 that represents our next target, to continue suggesting the bullish trend on the intraday and short term basis unless breaking 17.40 and holding below it.
The expected trading range for today is between 17.60 support and 18.40 resistance
The expected trend for today: Bullish
Soybean price completed forming bullish pennant pattern that appears on the minor image, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which targets 1433.70 as a next station, reminding you that it is important to hold above 1318.80 to continue the expected rise.
The expected trading range for today is between 1370.00 support and 1430.00 resistance.
The expected trend for today: Bullish
Corn price keeps its stability above 600.00 level, to keep the bullish trend scenario active for today, supported by the EMA50, waiting to get positive momentum that assist to push the price towards our next target at 624.80.
The expected trading range for today is between 595.00 support and 630.00 resistance.
The expected trend for today: Bullish
Brent oil price trades with clear positivity to attack 75.45 and attempts to breach it, which hints heading to return to the main bullish track, but we need a confirmed breach to the mentioned level to confirm the continuation of the bullish bias towards the positive targets that start at 76.55.
Therefore, we will continue with our neutrality until the price breaches 75.45 resistance or breaking 73.70 support.
The expected trading range for today is between 73.20 support and 76.30 resistance.
The expected trend for today: Neutral