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Sugar price attempts positively – Forecast today - 12-09-2024
Sugar price traded positively yesterday to approach testing the key resistance 19.23$, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 18.43$.
The negative pressure formed by the EMA50 supports the continuation of the suggested bearish wave, reminding you that it is important to hold below 19.23$ to continue the expected decline.
The expected trading range for today is between 18.40$ support and 19.23$ resistance
Trend forecast: Bearish
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Soybean price within tight range – Forecast today - 12-09-2024
Soybean price fluctuates within tight range since yesterday, and continues to move inside the intraday bearish channel, waiting to resume the bearish trend that targets 990.00$ followed by 960.30$ levels as next main stations.
MoreCorn price keeps its positive stability – Forecast today - 12-09-2024
Corn price tested 405.20$ level again and kept its stability above it, to start providing new positive trades, waiting for more rise to visit 416.30$ that represents our next main target.
MoreThe USDCHF price achieves additional gains – Forecast today - 12-09-2024
The USDCHF price provided clear positive trades yesterday to surpass the EMA50 and reach the key resistance 0.8543, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the bearish trend active for the upcoming period, supported by stochastic negativity, waiting to visit 0.8455 followed by 0.8332 levels as next main stations.
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