Sugar price rallied upwards strongly yesterday to breach 26.74 and settles above it again, to reactivate the bullish trend scenario and head towards achieving gains that start by testing 27.82.

Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, noting that breaking 26.74 will stop the positive scenario and put the price under the correctional bearish pressure again.

The expected trading range for today is between 27.00 support and 27.90 resistance

The expected trend for today: Bullish

Soybean price broke 1311.70 level clearly and settled below it, to fall under expected negative pressure in the upcoming period, paving the way to achieve negative targets that reach 1266.30.

Moving below the EMA50 supports the expected decline, and breaking 1294.20 will ease the mission of achieving the suggested target, while the expected decline will remain valid unless breaching 1311.70 and holding above it.

The expected trading range for today is between 1275.00 support and 1311.00 resistance.

The expected trend for today: Bearish

Corn price continued to decline to break the bullish channel’s support line and settles below it, which stops the bullish wave and push the price to start bearish correction on the intraday basis, targeting testing 493.20 level initially, noting that breaking this level will push the price to 487.90 direct.

Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 500.50 followed by 505.10 levels and hold above them.

The expected trading range for today is between 485.00 support and 500.00 resistance.

The expected trend for today: Bearish

The USDCHF pair resumed its negative trading to approach our waited target at 0.8885, noting that moving inside the bearish channel supports the chances of surpassing the mentioned level followed by opening the way to achieve additional negative targets that reach 0.8810.

Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 0.8968 to continue the expected decline.

The expected trading range for today is between 0.8830 support and 0.8960 resistance.

The expected trend for today: Bearish