Wheat price resumes its negative trades to move away from 614.60 level, reinforcing the expectations of continuing the bearish trend on the intraday basis, which targets 596.30 as a next station, noting that surpassing this level will push the price to 566.80 on the near term basis, while the expected decline will remain valid conditioned by the price stability below 614.60.
The expected trading range for today is between 595.00 support and 615.00 resistance.
The expected trend for today: Bearish
Soybean price attempts to break the horizontal support line that appears on the chart, to support the continuation of our bearish overview, waiting to touch 1375.00 level initially, which breaking it represents the key to rally towards 1304.00 as a next main station, reminding you that the continuation of the expected decline requires holding below 1420.00.
The expected trading range for today is between 1365.00 support and 1395.00 resistance.
The expected trend for today: Bearish
Brent oil price shows negative trades to press on the key support 64.85, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend active for today, waiting to get positive momentum to assist to push the price to resume the positive trades that target 66.90 followed by 68.50 levels as next main stations.
The expected trading range for today is between 64.00 support and 67.00 resistance.
The expected trend for today: Bearish
Crude oil price retested 61.25 that turns into key support now and keeps its stability above it, to keep the bullish trend scenario valid and active for today, supported by the EMA50 that carries the price from below, depending on the price stability above the mentioned level, reminding you that our waited targets begin at 63.30 and extend to 65.00.
The expected trading range for today is between 60.50 support and 63.30 resistance.
The expected trend for today: Bullish