Sugar price traded with clear positivity yesterday to test the key resistance 24.30, noticing that the price consolidates below this level, to keep the bearish trend scenario valid, waiting to test 23.50 again, reminding you that breaking this level will push the price to 22.75 as a next negative target.

On the other hand, we should note that breaching 24.30 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 23.60 support and 24.40 resistance

The expected trend for today: Bearish

Soybean price rallied upwards yesterday to approach our waited target at 1385.00, and we suggest the continuation of the bullish bias to surpass this level and achieve additional gains that reach 1400.00 followed by 1430.40.

Therefore, the bullish trend scenario will remain valid for the upcoming period, reminding you that it is important to hold above 1348.30 to achieve the suggested targets.

The expected trading range for today is between 1350.00 support and 1410.00 resistance.

The expected trend for today: Bullish

Corn price shows sideways trades in the previous sessions, keeping its stability below 509.50 level, to keep the bearish trend scenario valid and active, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 435.60.

On the other hand, we should note that breaching 509.50 will stop the expected decline and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 470.00 support and 500.00 resistance.

The expected trend for today: Bearish

The USDCHF pair bounced downwards clearly to start pressing on the key support 0.8775, to hint potential turn to decline and stop the correctional bullish scenario that dominated the recent trades, and we prefer to stay aside until the price confirms its situation according to the mentioned level followed by detecting the next destination clearly.

Note that confirming breaking 0.8775 will push the price to achieve negative targets that start at 0.8720 and extend to 0.8655, while consolidating above it represents positive factor that will push the price to visit 0.8825 again.

The expected trading range for today is between 0.8690 support and 0.8840 resistance.

The expected trend for today: Neutral