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Sugar price approaches the key resistance – Analysis - 13-09-2022
Sugar price shows more bullish bias to approach 18.13 level, to move within sideways track that its lines represented by the mentioned resistance and 17.80 support, to suggest the sideways on the intraday basis until the price manages to surpass one of these levels followed by detecting the next destination clearly.
Note that continuing the rise and breaching the mentioned resistance will lead the price to achieve additional gains that reach 18.40, while breaking the support will put the price under negative pressure that its targets begin at 17.50 followed by 17.20.
The expected trading range for today is between 17.60 support and 18.40 resistance
The expected trend for today: Sideways
Soybean price achieves strong gains – Analysis - 13-09-2022
Soybean price rallied upwards sharply yesterday to breach 1470.00 and settles above it, to open the way to resume the main bullish trend within the bullish channel that appears on the chart, waiting for additional positive trades that target 1520.00 followed by 1537.60 levels.
Therefore, we expect to witness more rise in the upcoming sessions conditioned by the price stability above 1470.00.
The expected trading range for today is between 1470.00 support and 1537.60 resistance.
The expected trend for today: Bullish
Corn price hits the positive targets – Analysis - 13-09-2022
Corn price traded with clear positivity yesterday to succeed achieving our extended target at 698.90 and settles there, moving within bullish channels that support the chances of surpassing this level and open the way to achieve more expected gains in the upcoming period, to head towards visiting 710.00 followed by 725.00 areas as next main stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 678.00 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 690.00 support and 715.00 resistance.
The expected trend for today: Bullish
The USDCHF hits the extended target – Analysis - 13-09-2022
The USDCHF pair managed to touch our waited target at 0.9525 and attempts to break it, to pave the way to continue the decline on the intraday and short term basis, noting that the next negative station reaches 0.9400.
Therefore, the bearish trend will remain dominant in the upcoming period as long as 0.9630 level remains intact.
The expected trading range for today is between 0.9440 support and 0.9580 resistance.
The expected trend for today: Bearish