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Sugar price attempts to recover – Analysis - 02-08-2022
Sugar price ended yesterday with clear positivity after the attempt to return to the bearish channel that appears on the chart, affected by stochastic positivity, while the EMA50 keeps pressing negatively on the price, waiting to resume the bearish wave that its next target located at 17.00.
In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 18.00 and hold above it.
The expected trading range for today is between 17.10 support and 17.90 resistance
The expected trend for today: Bearish
Soybean price hits the first negative target – Analysis - 02-08-2022
Soybean price declined strongly yesterday to succeed achieving our waited target at 1402.10, noticing that the price begins today with additional negativity to attack the mentioned level, opening the way to continue the decline and head to achieve additional negative targets that reach 1355.00 followed by 1318.20.
MoreCorn price completes negative pattern – Analysis - 02-08-2022
Corn price provided clear negative trades yesterday, noticing that the price completed forming bearish flag pattern that supports the continuation of the expected bearish trend on the intraday basis, and the way is open to head towards our waited target at 575.00.
MoreThe USDCHF crawls downwards – Analysis - 02-08-2022
The USDCHF pair resumes its negative trading to move away from 0.9530, reinforcing the expectations of continuing the bearish trend, which targets 0.9400 level as a next negative station.
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