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Sugar price approaches the second target – Analysis - 17-08-2021
Sugar price provided additional positive trades to approach our second waited target at 20.50, noticing that the price finds solid resistance there, which urges caution from the upcoming trading, as failing to surpass this level will force the price to rebound bearishly and test 20.00 initially, which breaking it represents the key to start bearish correction that its first main target reaches 19.00.
Until now, the positive scenario still suggested in the upcoming sessions conditioned by the price stability above 20.00, reminding you that the extended target reaches 21.00.
The expected trading range for today is between 20.00 support and 20.80 resistance
The expected trend for today: Bullish
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Soybean price touches the first target – Analysis - 17-08-2021
Soybean price shows new positive trades by today’s open to touch our first waited target at 1380.00, waiting for more rise to surpass this level and head towards 1414.00 that represents our next target.
MoreCorn price faces solid resistance – Analysis - 17-08-2021
Corn price continues the attempts to breach 571.50 level, finding solid resistance there, noticing that stochastic begins to provide positive signals now, waiting to motivate the price to breach the mentioned level followed by opening the way to achieve our positive targets that start at 584.10 and extend to 599.70.
MoreThe USDCHF breaks the support – Analysis - 17-08-2021
The USDCHF pair continued its negative pressure to break 0.9135 level and settles below it, to activate the negative scenario that targets visiting 0.9060 areas initially, supported by moving below the EMA50.
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