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Midday update for Wheat price 25-03-2021
Wheat price shows more decline to touch our waited target at 614.60 and start pressing on it in attempt to break it, to support the expectations of extending the bearish wave in the upcoming period, reminding you that our next target reaches 596.30, while the expected decline will remain valid conditions holding below 629.40.
The expected trading range for today is between 610.00 support and 625.00 resistance.
The expected trend for today: Bearish
Midday update for Sugar price 25-03-2021
Sugar price begins to rebound bearishly after testing 15.55 level, supported by the negative pressure formed by the EMA50, besides stochastic reach to the overbought signals, to keep the bearish trend scenario valid for today, which targets 15.00 followed by 14.34 levels mainly, reminding you that it is important to hold below 15.55 to achieve the suggested targets.
The expected trading range for today is between 15.00 support and 15.60 resistance
The expected trend for today: Bearish
Midday update for Brent oil 25-03-2021
Brent oil price tests 62.95 level now, waiting for more negative pressure to break this level and confirm the continuation of the expected bearish trend for today, to keep the bearish trend scenario for the upcoming sessions, supported by the negative pressure formed by the EMA50, besides the negative overlapping signal provided by stochastic, waiting to visit 60.40 as a next main target, while holding below 65.00 represents key condition to continue the suggested decline.
The expected trading range for today is between 61.50 support and 64.50 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 25-03-2021
Crude oil price resumes its negative trading after the temporary rise that it witnessed this morning, to start pressing on 59.85 level, which support the continuation of our bearish overview, reinforced by stochastic and the EMA50 negativity, reminding you that our waited target is located at 57.35, noting that it is important to confirm breaking 59.85 to continue the expected decline.
The expected trading range for today is between 58.30 support and 61.30 resistance.
The expected trend for today: Bearish