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Midday update for Sugar price 11-05-2021
Sugar price trades with clear positivity to surpass 17.50 and settles above it, reinforcing the expectations of continuing the bullish trend, which its next target located at 18.00, while holding above 17.20 represents key condition to continue the suggested rise.
The expected trading range for today is between 17.30 support and 18.00 resistance
The expected trend for today: Overall Bullish
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Midday update for Soybean price 11-05-2021
Soybean price tested the bullish trend support line and bounced bullishly from there, to keep the bullish trend valid and active for the upcoming period, supported by the EMA50 that carries the price from below, depending on the price stability above 1527.20, noting that we are waiting to visit 1600.00 as a next main target.
MoreMidday update for Corn price 11-05-2021
Corn price trades below the bullish channel’s support line that appears on the chart, but we notice that the EMA50 protects the price from suffering more losses, while stochastic provides clear positive signals now.
MoreMidday update for the NZDUSD 11-05-2021
The NZDUSD pair shows positive trades now to head towards resuming the main bullish trend, noticing that stochastic got rid of its negative momentum to provide positive signals now, waiting for more rise in the upcoming sessions to visit 0.7400 that represents our next target, reminding you that it is important to hold above 0.7180 to continue the expected bullish trend.
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