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Midday update for Wheat price 12-03-2020
Wheat price managed to break 503.70 level and attempts to hold below it, which supports the continuation of the bearish trend scenario efficiently in the upcoming period, and the price needs to get a daily close below this level to confirm rallying towards 483.20 that represents our next main target, noting that it is important to hold below 503.70 to continue the expected decline.
The expected trading range for today is between 490.00 support and 515.00 resistance.
The expected trend for today: Bearish
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Midday update for Sugar price 12-03-2020
Sugar price resumes its negative trading to move below 12.00$ barrier, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our waited target at 11.55, reminding you that the continuation of the bearish wave conditions holding below 12.44.
MoreMidday update for Soybean price 12-03-2020
Soybean price settles around 860.00 level, and as long as the price is below 876.30, the negative pressure will remain valid for today, supported by the EMA50, reminding you that we are waiting to head towards 847.00 that represents the main target of the current bearish wave.
MoreMidday update for Corn price 12-03-2020
Corn Price shows negative trades now on its way towards our waited target at 366.00, to keep the bearish trend scenario active in the upcoming sessions, reminding you that breaking this level will push the price to 353.50 as a next negative station, while the expected decline will remain valid unless breaching 373.80 level and holding above it.
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