Sugar price provided additional positive trades yesterday to reach the thresholds of the main waited target at 27.82, and we expect the continuation of the bullish bias to surpass this level and achieve additional gains that reach 28.50.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 26.74 and holding with a daily close below it.

The expected trading range for today is between 27.00 support and 28.00 resistance

The expected trend for today: Bullish

Soybean price settles below 1311.70 level, and by taking a deeper look at the chart, we find the price formed head and shoulders’ pattern that its confirmation line located at 1298.00, which means that breaking this level will activate the negative effect of this pattern and push the price to resume the expected bearish wave on the intraday basis, which its next main target located at 1266.30.

Therefore, our bearish overview will remain valid, reminding you that it is important to hold below 1311.70 to achieve the waited targets.

The expected trading range for today is between 1275.00 support and 1315.00 resistance.

The expected trend for today: Bearish

Corn price provided additional negative trades to achieve our second waited target at 487.90, and the price presses on this level to hint heading to achieve more expected decline in the upcoming period, paving the way to visit 481.30 areas as a next station.

Therefore, the bearish trend scenario will remain dominant in the upcoming sessions, noting that it is important to hold below 493.20 to continue the expected decline.

The expected trading range for today is between 481.00 support and 493.00 resistance.

The expected trend for today: Bearish

The USDCHF pair bounced bullishly to breach 0.8968 level and settles above it, which stops the correctional bearish scenario and lead the price to turn to rise and build bullish wave that its targets begin by testing 0.9066 areas.

Therefore, we expect to witness more bullish bias in the upcoming sessions, supported by moving above the EMA50, noting that it is important to hold above 0.8968 to continue the expected rise.

The expected trading range for today is between 0.8920 support and 0.9060 resistance.

The expected trend for today: Bullish