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Sugar price builds support base – Analysis - 18-02-2021

Economies.com
2021-02-18 05:10AM UTC

Sugar price kept its stability above 16.00, to build support base that reinforces the expectations of continuing the main bullish trend, which its next target located at 16.63, noting that the EMA50 supports the price from below.

 

Therefore, the positive scenario will remain valid for the upcoming period unless breaking 16.00 followed by 15.75 levels and holding below them.

 

The expected trading range for today is between 15.95 support and 16.40 resistance

 

The expected trend for today: Bullish

Soybean price crawls upwards – Analysis - 18-02-2021

Economies.com
2021-02-18 05:10AM UTC

Soybean price continues to test 1385.00 that forms solid resistance against the price, waiting to get strong positive motive that assists to push the price to breach this level and confirm the continuation of the bullish trend, reminding you that our next target is located at 1432.20.

 

Therefore, we will keep our bullish overview for the upcoming period unless breaking 1370.00 level and holding below it.

 

The expected trading range for today is between 1375.00 support and 1410.00 resistance.

 

The expected trend for today: Bullish

No news for Corn price – Analysis - 18-02-2021

Economies.com
2021-02-18 05:09AM UTC

Corn price did not show any strong move since yesterday, to continue fluctuating around 550.00, which keeps the positive scenario valid as it is without any change for the upcoming period, supported by moving above the EMA50, noting that we are waiting to head towards 570.40 as a next main target.

 

The expected trading range for today is between 545.00 support and 560.00 resistance.

The expected trend for today: Bullish

The USDCHF hits the first target – Analysis - 18-02-2021

Economies.com
2021-02-18 05:09AM UTC

The USDCHF pair rallied upwards strongly yesterday to succeed achieving our waited target at 0.8975, and breaches it to settle above it, which supports the continuation of the bullish wave on the intraday basis, which targets 0.9025 as a next station.

 

Therefore, the bullish trend will remain dominant in the upcoming sessions unless breaking 0.8975 followed by 0.8923 levels and holding below them.

 

The expected trading range for today is between 0.8930 support and 0.9050 resistance.

 

The expected trend for today: Bullish