Sugar price still stuck between the next trend keys represented by 14.80 support and 15.05 resistance, and as we mentioned this morning, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
The contradiction between the EMA50 positivity and stochastic negativity provides another reason for neutrality, while the expected targets after the breach area explained in our morning report.
The expected trading range for today is between 14.60 support and 15.10 resistance
The expected trend for today: Neutral
Soybean price tests the key support base 1413.70 and still above it until now, to keep the bullish trend active for today, which targets 1448.50 as a next station, noting that breaking 1413.70 will press on the price to head towards testing 1375.00 areas before any new attempt to rise.
The expected trading range for today is between 1410.00 support and 1450.00 resistance.
The expected trend for today: Bullish
Corn price’s recent trades are confined within bullish pennant pattern as appears on the minor image, thus, the price needs to breach 536.30 to confirm rallying towards more positive targets that reach 551.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 515.50 and holding below it.
The expected trading range for today is between 530.00 support and 515.50 resistance.
The expected trend for today: Bullish
The NZDUSD pair faces diffuclty to surpass 0.7245 until now, to head towards testing the main bullish channel’s support line, noting that we will keep our bullish overview conditioned by the price stability above 0.7180, reminding you that our main waited target is located at 0.7315.
The expected trading range for today is between 0.7180 support and 0.7300
The expected trend for today: Bullish