|
Soybean price suffers sharp losses – Analysis - 18-06-2021
Soybean price traded with strong negativity yesterday to surpass our waited target at 1318.80 and reach 1260.00, and the way is open to achieve more bearish correction, noting that the next target is located at 1225.90.
Therefore, we expect witnessing more decline in the upcoming sessions, affected by the previously completed double top pattern, noting that breaching 1318.80 will stop the current negative pressure and lead the price to attempt to recover to return to the main bullish track.
The expected trading range for today is between 1260.00 support and 1320.00 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Corn price hits the extended target – Analysis - 18-06-2021
Corn price succeeded to achieve our waited target at 572.70 and broke it to settle below it, which puts the price under more expected negative pressure on the short term and medium term basis, to head towards visiting 526.20 as a next main station.
MoreThe USDCHF keeps achieving the positive targets – Analysis - 18-06-2021
The USDCHF pair provided new positive trades yesterday to surpass our second target at 0.9135 and settles above it, to head towards achieving more expected gains on the intraday basis, as the next target is located at 0.9200, noting that surpassing this level will push the price to 0.9265 as a next station.
MoreThe NZDUSD surpasses the target – Analysis - 18-06-2021
The NZDUSD pair managed to achieve our waited target at 0.7030 and surpassed it to settle below it, as it tests 0.7000 barrier now, waiting to surpass this level to open the way to visit 0.6945 as a next station.
More