Sugar price rallied upwards clearly yesterday to reach 14.80 level, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which targets 15.14 level as a next main station.

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 14.28.

The expected trading range for today is between 14.50 support and 15.00 resistance

The expected trend for today: Bullish

Soybean price begins today with clam positivity to head towards resuming the main bullish trend, organized inside the bullish channels that appear on the chart, supported by stochastic and the EMA50 positivity, waiting to head towards 1096.90 level that represents our next main target.

On the other hand, we should note that breaking 1062.40 might press on the price to decline towards 1049.50 and might extend to 1039.60 before any new attempt to rise.

The expected trading range for today is between 1060.00 support and 1090.00 resistance.

The expected trend for today: Bullish

Corn price fluctuates at the main bearish channel’s resistance, starting today with bullish bias that hints the price head to attempt to breach the mentioned level, to keep the bullish trend scenario valid and active for the upcoming period, which its next target reaches 430.00.

Therefore, our positive overview will remain valid conditioned by the price stability above 410.00, noting that the EMA50 keeps supporting the suggested bullish wave.

The expected trading range for today is between 412.00 support and 425.00 resistance.

The expected trend for today: Bullish

The USDCHF pair tested the bearish channel’s resistance and keeps its stability below it until now, as the EMA50 meets this resistance to add more strength to it, while stochastic begins providing the negative signals on the four hours’ time frame.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 0.9010 level as a next station, while holding below 0.9100 represents key condition to continue the expected decline.

The expected trading range for today is between 0.9000 support and 0.9120 resistance.

The expected trend for today: Bearish