Soybean price settles below 1467.40 level, to keep the negative pressure valid in the upcoming period, supported by the EMA50, waiting for heading to 1431.50 as a next main target.
Reminding you that breaching 1467.40 and holding above it will stop the expected decline and pushes the price to turn to the upside.
The expected trading range for today is between 1445.00 support and 1470.00 resistance.
The expected trend for today: Bearish
Wheat price opened today’s trading with a strong positivity to test the critical resistance at 680.20, noticing that the price remains below this level, which keeps the bearish trend scenario active in the upcoming period, targeting 659.40 then 633.60 mainly.
Note that breaching 680.20 will push the price to achieve gains that begin at 701.00.
The expected trading range for today is between 660.00 support and 690.00 resistance.
The expected trend for today: Bearish
Sugar price traded with strong positivity to attack 17.40 level, but it ended the last sessions below this level, which keeps the bearish trend scenario active in the upcoming period, supported by stochastic negativity, waiting for heading to 16.85 then 16.45 as main targets.
You should be aware that confirming breaching 17.40 will stop the suggested decline and pushes the price to regain the main bullish trend.
The expected trading range for today is between 16.80 support and 17.50 resistance
The expected trend for today: Bearish
The USDCAD pair shows calm negative trading to move away gradually from the EMA50, which supports the continuation of our bearish trend expectations, which target 1.2013 then 1.1900 levels on the near-term basis, reminding you that the continuation of the bearish wave requires holding below 1.2090 level.
The expected trading range for today is between 1.2000 support and 1.2120 resistance.
The expected trend for today: Bearish