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Midday update for Wheat price 30-11-2020

Economies.com
2020-11-30 11:37AM UTC

Wheat price faces negative pressure now to approach the key support again at 597.30, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, noting that our next main target extends to 636.60.

 

The expected trading range for today is between 597.30 support and 620.00 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 30-11-2020

Economies.com
2020-11-30 11:36AM UTC

Sugar price did not show any strong move since morning, to continue fluctuating around 14.50, thus, no change to the bearish trend scenario that targets 14.00 followed by 13.84 levels mainly, reminding you that it is important to hold below 14.90 to continue the expected decline.

 

The expected trading range for today is between 14.30 support and 14.65 resistance

 

The expected trend for today: Bearish

Midday update for Soybean price 30-11-2020

Economies.com
2020-11-30 11:36AM UTC

Soybean price rebounds bearishly after testing 1198.70 level in the previous sessions, waiting to get positive motive to push the price to breach this level and open the way to rally towards 1221.50 that represents our next main target, to keep our bullish overview for today unless breaking 1175.00 and holding below it.

 

The expected trading range for today is between 1180.00 support and 1215.00 resistance.

 

The expected trend for today: Bullish

Midday update for Corn price 30-11-2020

Economies.com
2020-11-30 11:36AM UTC

Corn price trades with clear negativity now, affected by stochastic negativity, to approach the key support 433.00, which urges caution from the upcoming trading, as breaking this level will stop the morning suggested positive scenario and puts the price under intraday negative pressure that targets 423.00 before turning back to rise again, while the price needs to surpass 438.40 to confirm resuming the main bullish trend that its next target extends to 450.00.

 

The expected trading range for today is between 433.00 support and 445.00 resistance.

 

The expected trend for today: Bullish