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Midday update for Sugar price 18-12-2019
Sugar price settles below the EMA50, to keep the negative pressure suggested for today, waiting to break 13.25 level to activate the negative effect of the head and shoulders’ pattern that appears on the chart, to support the expectations of achieving more decline and heading towards our negative targets that begin at 13.05 and extend to 12.90, taking into consideration that the continuation of the bearish wave depends on the price stability below 13.53.
The expected trading range for today is between 13.05 support and 13.42 resistance
The expected trend for today: Bearish
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Midday update for Soybean price 18-12-2019
Soybean price shows slight bearish bias after testing 937.6 previously, noticing that stochastic begins to provide positive signals now, to support the chances of resuming the expected bullish trend for the upcoming period, which its targets begin by breaching 937.6 to reinforce the chances of heading towards 957.0 as a next station, reminding you that it is important to hold above 925.6 to continue the expected bullish trend.
MoreMidday update for Corn price 18-12-2019
The tight range dominates Corn Price trades since morning, and as long as the price is above 386.3, our bullish overview will remain valid for today, supported by the EMA50, besides stochastic approach to the oversold areas, reminding you that our next main target is located at 394.1
MoreMidday update for Brent oil 18-12-2019
Brent oil price fluctuates with slight negativity since morning, and as long as the price is above 64.40, our bullish overview will remain active for today, supported by the EMA50 that keeps carrying the price from below, reminding you that we are waiting to braech 65.40 to confirm rallying towards 68.95 that represents our next main target.
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