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Soybean price keeps declining – Forecast today - 30-10-2024
Soybean price shows more bearish bias to gradually approach our waited negative target at 960.30$, supported by the negative pressure formed by the EMA50, to keep the negative scenario valid and active for the upcoming period, noting that breaching 1000.00$ will stop the suggested bearish wave and push the price to achieve intraday gains and test 1028.80$ areas before any new attempt to decline.
The expected trading range for today is between 960.00$ support and 995.00$ resistance.
Trend forecast: Bearish
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Corn price loses momentum – Forecast today - 30-10-2024
Corn price fluctuates around the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin at 416.30$ and extend to 405.20$ after breaking the previous level.
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The USDCHF price resumes it positive trading after leaning on the EMA50, which supports the expectations of continuing the bullish trend on the intraday basis, waiting to visit 0.8730 followed by 0.8778 as next main targets.
MoreThe NZDUSD price awaits more decline – Forecast today - 30-10-2024
The NZDUSD price returns to test the intraday bearish channel’s resistance line, waiting to resume the bearish wave that targets 0.5915$ as a next main station.
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