Midday update for Wheat price 26-10-2020
Wheat price shows bearish bias now to test the key support 620.00, and the price needs to hold above this level to keep the bullish trend valid for today, as breaking it will press on the price to achieve additional decline that reaches 613.50 before turning back to rise again, while the price needs to get positive momentum to assist to push trades to resume the bullish trend that its next main targets located at 636.30 followed by 640.00.
The expected trading range for today is between 624.00 support and 636.00 resistance.
The expected trend for today: Bullish
Midday update for Sugar price 26-10-2020
Sugar price trades negatively to press on the bullish trend line, and as we mentioned in our recent reports, the price needs to hold above this support at 14.35 to keep the bullish trend scenario active for the upcoming period, which targets 15.14 as a next positive station, noting that confirming breaking the mentioned support will press on the price to visit 13.73 before any new positive attempt.
The expected trading range for today is between 14.40 support and 15.00 resistance
The expected trend for today: Bullish
Midday update for Soybean price 26-10-2020
Soybean price shows negative trades now affected by stochastic negativity, and it might test the bullish trend line at 1068.00 before turning back to rise again.
In general, we will continue to suggest the bullish trend conditioned by the stability above the mentioned level, as breaking it will push the price to test 1054.00 areas and might extend to 1039.60 before any new attempt to rise, while the next main target of the expected bullish wave is located at 1096.90.
The expected trading range for today is between 1075.00 support and 1096.00 resistance.
The expected trend for today: Bullish
Midday update for Corn price 26-10-2020
Corn price faces negative pressure to attack the minor bullish channel’s support line that appears on the chart, which urges caution from the upcoming trading, as holding below 415.00 will stop the recently suggested positive scenario and push to start bearish correction that its targets begin at 395.50.
The expected trading range for today is between 412.00 support and 425.00 resistance.
The expected trend for today: Bullish