The sideways range keeps dominating Sugar price trades, which keeps our neutrality will remain valid until the price confirms surpassing 14.90 support or breaching 15.27 resistance to detect the next destination clearly, noting that the details of the expected targets after the breach are explained in our morning report.
The expected trading range for today is between 14.50 support and 15.40 resistance
The expected trend for today: Neutral
Soybean price begins the attempts to breach 1189.50 level now, waiting to confirm the breach to open the way to head towards 1206.50 that represents our next main target, noting that the EMA50 supports the suggested rise, which will remain valid unless breaking 1160.00 level and holding below it.
The expected trading range for today is between 1175.00 support and 1200.00 resistance.
The expected trend for today: Bullish
Corn price shows clear positive trades to move away from the intraday bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for the rest of the day, which targets 440.00 level as a next station, supported by the EMA50 that continues to carry the price from below, noting that holding above 424.50 is important to continue the expected rise.
The expected trading range for today is between 424.00 support and 435.00 resistance.
The expected trend for today: Bullish
The NZDUSD pair shows bullish bias to return to the intraday bullish channel that appears on the chart, which depends on the price stability above 0.6875, noting that our main waited targets begin at 0.6970 and extend to 0.7050.
The expected trading range for today is between 0.6850 support and 0.7000
The expected trend for today: Bullish