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Sugar price attempts to consolidate above the support – Analysis - 17-11-2023
Sugar price continues to fluctuate around 26.74 level and attempts to hold above it, and stochastic continues to provide the positive signals, waiting to resume the bullish wave that targets 27.82 level as a next main station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, reminding you that it is important to hold above 26.74 to achieve the waited targets.
The expected trading range for today is between 26.40 support and 27.30 resistance
The expected trend for today: Bullish
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Soybean price under the negative pressure – Analysis - 17-11-2023
Soybean price faced strong negative pressure yesterday, as it broke 1385.00 level and rallied bearishly to head towards potential visit to the bullish channel’s support line around 1332.60, making the bearish bias suggested in the upcoming sessions, and the price needs to break 1348.30 to confirm the continuation of the decline towards the expected target.
MoreCorn price achieves clear gains – Analysis - 17-11-2023
Corn price traded with clear positivity yesterday to surpass 487.90 level, but it loses the positive momentum to start providing calm negative trades, hinting heading to achieve potential decline in the upcoming sessions.
MoreThe USDCHF keeps its negative stability – Analysis - 17-11-2023
The USDCHF pair didn’t show any strong move yesterday, to remain stable below 0.8888, thus, no change to the expected bearish trend scenario on the intraday basis, which targets testing 0.8810 as a next main station, noting that breaching 0.8888 will lead the price to start recovery attempts that target 0.8968 initially.
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