Sugar price shows additional positive trades to attempt to surpass the EMA50, on its way for potential test to the key resistance line 12.86, and as long as the price is below this level, our bearish overview will remain valid for today, as breaching it will push the price to return to the short term bullish track and achieve gains that reach 13.73.
The expected trading range for today is between 12.16 support and 12.86 resistance
The expected trend for today: Bearish
Soybean price trades with clear positivity now to breach 993.40 and attempts to hold above it, which hints the price head to regain the main bullish trend, and the price needs to hold with a daily close above the mentioned level to confirm the continuation of the rise and stop the morning suggested negative scenario.
Therefore, we prefer staying aside now until the price confirms its situation according to 993.40 to detect the next destination clearly.
The expected trading range for today is between 980.00 support and 1000.00 resistance.
The expected trend for today: Neutral
Corn price keeps its stability above 362.40 level, to keep the bullish trend scenario active for today, supported by the EMA50 that carries the price from below, besides the positive signal provided by stochastic, waiting to resume the positive trading that its next targets located at 375.40 followed by 390.00.
The expected trading range for today is between 362.00 support and 375.00 resistance.
The expected trend for today: Bullish
The NZDUSD pair continues to rise gradually, on its way to visit 0.6788 level that represents our next main target, to keep our bullish overview in the upcoming sessions conditioned by the price stability above 0.6620, noting that the price completed forming double bottom pattern that motivates the price to achieve more expected rise on the intraday and short term basis.
The expected trading range for today is between 0.6680 support and 0.6800
The expected trend for today: Bullish