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Midday update for Sugar price 13-04-2021

Economies.com
2021-04-13 10:06AM UTC

Sugar price retests the broken support of the bearish flag that appears on the chart, and the price needs to hold below 15.65 to keep the bearish trend valid for today, supported by stochastic negativity, reminding you that the waited targets begin by breaking 15.12 to confirm opening the way to head towards 14.60 followed by 13.95 levels. 

 

The expected trading range for today is between 14.90 support and 15.50 resistance

 

The expected trend for today: Bearish

Midday update for Soybean price 13-04-2021

Economies.com
2021-04-13 10:06AM UTC

Soybean price shows slight positive trades after finding solid support at 1382.00 level, and as long as the price is below 1420.00, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 1375.00 and extend to 1304.00.

 

The expected trading range for today is between 1370.00 support and 1395.00 resistance.

 

The expected trend for today: Bearish

Midday update for Corn price 13-04-2021

Economies.com
2021-04-13 10:06AM UTC

Corn price tests 570.40 level, affected by stochastic positivity, waiting to rebound bearishly to resume the expected bearish trend for today, reminding you that our next negative target is located at 546.00.

 

The expected trading range for today is between 555.00 support and 572.00 resistance.

The expected trend for today: Bearish

Midday update for Brent oil 13-04-2021

Economies.com
2021-04-13 10:05AM UTC

Brent oil price returns to rise to surpass 63.40 level and head towards potential test to the most important resistance 64.20, and as we mentioned this morning, the price needs to hold below these levels to keep the bearish trend scenario valid for today, as breaching the last level will push the price to turn to rise, while breaking 63.40 represents the key to reactivate the bearish trend that its next main target located at 60.30.

 

The expected trading range for today is between 61.50 support and 64.20 resistance.

 

The expected trend for today: Bearish