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Soybean price loses momentum – Analysis - 06-10-2021
Soybean price provided positive trades to test the key resistance 1262.00, accompanied by stochastic loss to the positive momentum and reach to the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which depends on the price stability below the mentioned resistance, reminding you that our expected targets begin at 1225.90 and extend to 1195.00 after breaking the previous level.
The expected trading range for today is between 1220.00 support and 1270.00 resistance.
The expected trend for today: Bearish
Sugar price awaits confirmation signal – Analysis - 06-10-2021
Sugar price continues to fluctuate within the symmetrical triangle that appears on the chart, thus, our neutrality will remain valid, waiting to break one of this pattern’s lines represented by 19.55 support and 20.00 resistance to detect the next destination clearly.
MoreSugar price awaits confirmation signal – Analysis - 06-10-2021
Sugar price continues to fluctuate within the symmetrical triangle that appears on the chart, thus, our neutrality will remain valid, waiting to break one of this pattern’s lines represented by 19.55 support and 20.00 resistance to detect the next destination clearly.
MoreNo news for corn price – Analysis - 06-10-2021
Corn price continues to fluctuate within the bearish flag pattern, thus, no change to the bearish trend scenario that depends on the price stability below 557.00, reminding you that we need to break the mentioned pattern’s support line at 528.00 to confirm rallying towards our first negative target at 500.00.
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