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Midday update for Wheat price 22-03-2021

Economies.com
2021-03-22 11:36AM UTC

Wheat price crawls downwards calmly to support the continuation of the expected bearish trend for today, and the way is open to achieve our next target at 614.60, reminding you that the continuation of the bearish wave requires holding below 629.40.

 

The expected trading range for today is between 610.00 support and 627.00 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 22-03-2021

Economies.com
2021-03-22 11:35AM UTC

Sugar price keeps its stability above 15.55 level, to keep the bullish trend scenario active for today, supported by the positive signal provided by stochastic, reminding you that our targets begin at 15.90 followed by 16.45, while achieving them requires holding above 15.55.

 

The expected trading range for today is between 15.40 support and 15.90 resistance

 

The expected trend for today: Bullish

Midday update for Brent oil 22-03-2021

Economies.com
2021-03-22 11:35AM UTC

Brent oil price provided positive trades this morning but it faces solid resistance at 64.65, which makes us continue with our neutrality until the price confirms breaching the mentioned resistance or breaking 63.65 support to detect its next destination clearly.

 

To review the expected targets after the breach, please check our morning report.

 

The expected trading range for today is between 62.95 support and 65.50 resistance.

 

The expected trend for today: Neutral

Midday update for Crude oil 22-03-2021

Economies.com
2021-03-22 11:35AM UTC

Crude oil price attempted to breach 61.60 but without managing to settle above it until now, to keep the price stuck between the mentioned resistance and 60.60 support, thus, our neutrality will remain valid until confirming breaching one of the mentioned levels, 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 59.85 support and 62.50 resistance.

The expected trend for today: Neutral