|
Sugar price achieves strong gains – Analysis - 24-10-2023
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
Thanks for your feedback.
Soybean price turns to decline – Analysis - 24-10-2023
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.
MoreCorn price exits the bullish channel – Analysis - 24-10-2023
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.
MoreThe USDCHF approaches the target – Analysis - 24-10-2023
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.
More