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Soybean price hits the target – Forecast today - 09-10-2024
Soybean price managed to achieve our waited target at 1028.80$ and found solid support there, accompanied by witnessing clear positive signals through stochastic, which supports the chances of bouncing bullishly and attempt to build bullish wave on the intraday basis, on its way to visit 1053.00$ followed by 1071.20$ levels mainly.
Therefore, the bullish bias will be expected for today, noting that breaking 1028.80$ will push the price to suffer additional losses that target 1010.00$ as a next station.
The expected trading range for today is between 1020.00$ support and 1060.00$ resistance.
Trend forecast: Bullish
Corn price forms negative pattern – Forecast today - 09-10-2024
Corn price keeps declining to approach our waited target at 425.30$, noticing that the price completed forming double top pattern that we expect to push the price to break the mentioned level and achieve additional negative targets that extend to 416.30$.
MoreThe USDCHF price resumes the rise – Forecast today - 09-10-2024
The USDCHF price returns to rise after testing 0.8543 level in the previous sessions, to resume the bullish trend on the intraday basis, on its way to achieve positive targets that start at 0.8600 and extend to 0.8673.
MoreThe NZDUSD price begins negatively – Forecast today - 09-10-2024
The NZDUSD price opens today with clear negativity to approach our waited target at 0.6070$, and we suggest breaking this level to achieve additional negative targets that extend to 0.6000$ on the near-term basis.
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