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Midday update for Wheat price 16-04-2021

Economies.com
2021-04-16 10:31AM UTC

Wheat price keeps its stability above 644.20, which keeps our bullish overview active for today, getting continuous positive support by the EMA50, waiting to resume the positive trades that target testing 662.45 mainly.

 

Therefore, the bullish bias will be expected for today unless breaking 644.20 and holding below it.

 

The expected trading range for today is between 640.00 support and 660.00 resistance.

The expected trend for today: Bullish

Midday update for Soybean price 16-04-2021

Economies.com
2021-04-16 10:31AM UTC

Soybean price shows new positive trades to move away from the EMA50, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to visit 1454.70 as a next main target, reminding you that the continuation of the bullish wave depends on the price stability above 1395.00 and 1382.50 levels.

 

The expected trading range for today is between 1400.00 support and 1440.00 resistance.

 

The expected trend for today: Bullish

Midday update for Brent oil 16-04-2021

Economies.com
2021-04-16 10:31AM UTC

Brent oil price fluctuates with slight positivity to settle above 67.00 barrier, thus, our bullish overview will remain valid as it is without any change, waiting to head towards 69.00 followed by 70.00 levels as next main target, while achieving them requires holding above 65.15.

 

The expected trading range for today is between 65.50 support and 68.50 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 16-04-2021

Economies.com
2021-04-16 10:31AM UTC

Crude oil price continues to crawl upwards to approach 64.00 barrier, to keep the bullish trend scenario valid and active for the rest of the day, affected by the previously completed double bottom pattern, reminding you that our next main target extends to 67.95, while achieving it requires holding above 62.20.

 

The expected trading range for today is between 62.00 support and 65.00 resistance.

The expected trend for today: Bullish