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Midday update for Sugar price 11-03-2020
Sugar price tests 12.44 level, which urges caution from the upcoming trading, as breaking this level will stop the suggested positive scenario on the intraday basis and presses on the price to suffer more short term losses, while the main target of the expected intraday bullish wave located at 12.99.
The expected trading range for today is between 12.40 support and 12.99 resistance
The expected trend for today: Bullish
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Midday update for Soybean price 11-03-2020
Soybean price trades near 876.30 level, while stochastic prepares to provide positive overlapping signal on the four hours’ time frame, which forms positive motive that we are waiting to assist to push the price to rise again, as our main positive target located at 893.90.
MoreMidday update for Corn price 11-03-2020
Corn Price shows slight bearish bias now to approach testing the key support 373.80, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking it will press on the price to decline again and head towards 366.00 initially.
MoreMidday update for Brent oil 11-03-2020
Brent oil price broke 37.65 level and settles below it now, which hints the price head to return to the main bearish trend, which makes us prefer staying aside until the price confirms its situation according to the mentioned level.
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