Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Midday update for Wheat price 31-07-2020

Economies.com
2020-07-31 10:15AM UTC

Wheat price makes a new test to 536.80 level, as we mentioned in our last reports, the price needs to settle below this level, to keep the bearish trend scenario active in the upcoming period, supported by stochastic negativity, reminding you that our initial main target is located at 520.20.

 

The expected trading range for today is between 520.00 support and 536.80 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 31-07-2020

Economies.com
2020-07-31 10:15AM UTC

Sugar price shows more of the upside moves to approach gradually from our main waited target at 12.86, reinforcing the expectations for the continuation of the bullish wave, depending on the stability above 12.16 level, pointing that breaching the targeted level will extend the bullish trend to reach 13.45 then 13.73 as next main station.

 

The expected trading range for today is between 12.10 support and 12.86 resistance

 

The expected trend for today: Bullish

 

Midday update for Soybean price 31-07-2020

Economies.com
2020-07-31 10:15AM UTC

Soybean price surpassed the EMA50 and settles above it, reinforcing the expectations for the bullish trend continuation in the upcoming sessions, targeting 905.50 level as an initial positive station, reminding you that the continuation of the bullish wave conditioned by holding above 888.50 and the most important above 880.00 levels.

 

The expected trading range for today is between 885.00 support and 900.00 resistance.

 

The expected trend for today: Bullish

 

Midday update for Corn price 31-07-2020

Economies.com
2020-07-31 10:15AM UTC

Corn price didn’t show any strong move since morning, to keep fluctuating near 320.00, as long as the price below 326.10, so our bearish trend expectations will remain valid in the upcoming period, reminding you that we wait for visiting 315.00 then 307.60 levels as next main stations.

 

The expected trading range for today is between 315.00 support and 326.00 resistance.

 

The expected trend for today: Bearish