Wheat price bounced downwards clearly after testing 662.50 level, to reinforce the chances of targeting the sideways range’s support line at 629.40 in the upcoming sessions, to keep the price confined inside the sideways range that its lines represented by the mentioned levels until breaching one of them to detect the next trend clearly.
The expected trading range for today is between 650.00 support and 665.00 resistance.
The expected trend for today: Sideways
Sugar price managed to breach 16.00 and attempts to hold above it, which supports the continuation of our bullish overview efficiently for the rest of the day, and the way is open to visit 16.63 that represents our next main target, reminding you that it is important to hold above 15.45 to continue the suggested positive scenario.
The expected trading range for today is between 15.80 support and 16.30 resistance
The expected trend for today: Bullish
Soybean price tests the key resistance 1385.00, and as we mentioned this morning, the price needs to breach this level to reinforce the expectations of continuing the main bullish trend, which its next target located at 1432.20, while achieving it requires holding above 1370.00.
The expected trading range for today is between 1375.00 support and 1410.00 resistance.
The expected trend for today: Bullish
Corn price shows weak trades since morning, settling around 550.00 level, thus, no change to the bullish trend scenario that depends on the price stability above 535.00, reminding you that our next main target is located at 570.40.
The expected trading range for today is between 545.00 support and 560.00 resistance.
The expected trend for today: Bullish