|
Sugar price begins bearish correction – Analysis - 18-08-2021
Sugar price found difficulty to hold above the main bullish channel’s resistance that appears on the chart, to end yesterday below it, which hints heading to start correctional bearish wave in the upcoming sessions, and we suggest targeting 19.72 areas initially.
Therefore, the bearish bias will be expected for today, and breaking the targeted level will extend the bearish wave to reach 19.16, while breaching 20.60 represents positive factor that will stop the suggested correctional pressure and lead the price to resume the main bullish trend again.
The expected trading range for today is between 19.80 support and 20.60 resistance
The expected trend for today: Bearish
Thanks for your feedback.
Soybean price declines again – Analysis - 18-08-2021
Soybean price provided negative trades yesterday to exit the intraday bullish channel that appears on the chart, which pushes the price to turn to decline and head to test 1328.50 followed by 1318.80 areas as main negative targets.
MoreCorn price fails to breach – Analysis - 18-08-2021
Corn price bounced bearishly after many attempts to breach 571.50, which hints heading to decline again after the recent bullish correction, and it needs to break 559.00 to confirm the continuation of the decline and achieve negative targets that start at 543.40.
MoreThe USDCHF loses momentum – Analysis - 18-08-2021
The USDCHF pair fluctuates around 0.9135 level, and closed yesterday below it, to keep the bearish trend active for the upcoming period, supported by stochastic loss to the positive momentum, waiting to visit 0.9060 as a first target.
More