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Midday update for Wheat price 23-02-2021

Economies.com
2021-02-23 10:12AM UTC

Wheat price trades negatively now to test the key support base formed above 662.50, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for today, which gets good support by the EMA50, reminding you that our main waited targets begin at 680.00 and extend to 692.00.

 

The expected trading range for today is between 655.00 support and 680.00 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 23-02-2021

Economies.com
2021-02-23 10:12AM UTC

Sugar price hovers around 17.40 since morning, and as long as the price is above 17.05, our bullish overview will remain valid for today, organized inside the intraday bullish channel that appears on the chart, noting that we are waiting to visit 18.10 as a next main station.

 

The expected trading range for today is between 17.20 support and 17.70 resistance

 

The expected trend for today: Bullish

Midday update for Soybean price 23-02-2021

Economies.com
2021-02-23 10:12AM UTC

Soybean price rallied upwards strongly to surpass 1400.00 barrier and settles above it, which supports the continuation of the bullish overview for the rest of the day, which its next target located at 1432.20, noting that holding above 1360.00 is important to continue the expected rise.

 

The expected trading range for today is between 1380.00 support and 1420.00 resistance.

 

The expected trend for today: Bullish

Midday update for Corn price 23-02-2021

Economies.com
2021-02-23 10:11AM UTC

Corn price continues to rise to trade at the bullish channel’s support line, waiting for more rise to visit 570.40, which represents our next main target, noting that the EMA50 supports the positive overview, which will remain valid conditioned by the price stability above 535.00.

 

The expected trading range for today is between 550.00 support and 565.00 resistance.

The expected trend for today: Bullish