Sugar price declined strongly yesterday to break 25.25 followed by 24.90 levels and settles below the last level, to completed forming the double top pattern that appears on the chart and gets negative motive that supports the chances of continuing the bearish trend in the upcoming sessions, noting that the next targets begin at 24.30 and extend to 23.50.

Therefore, we are waiting for more expected decline on the intraday and short term basis, noting that breaching 25.25 will stop the current negative pressure and push the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 24.20 support and 25.10 resistance

The expected trend for today: Bearish

Soybean price provided new negative trades yesterday to reach 1240.00 areas, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next main target is located at 1200.00.

Stochastic loses its positive momentum clearly to support the continuation of the expected bearish trend, which will remain valid unless breaching 1274.00 and holding above it.

The expected trading range for today is between 1230.00 support and 1275.00 resistance.

The expected trend for today: Bearish

Corn price didn’t show any strong move yesterday, to fluctuate within sideways track, confined between the key levels represented by 550.00 support and 55.90 resistance, and as we mentioned in our last report, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

We remind you that breaching the mentioned resistance will lead the price to resume the correctional bullish track and head towards 574.30 as a next positive target, while breaking the support will put the price under the negative pressure again, to resume the bearish track and visit 536.80 followed by 526.10 levels mainly.

The expected trading range for today is between 545.00 support and 562.00 resistance.

The expected trend for today: Neutral

The USDCHF pair attempted to breach 0.9055 level but it faces solid resistance there, to move below it by today’s open, noticing that stochastic attempts to get rid of its negative momentum, waiting to get positive motive that assists to push the price to breach the mentioned level and open the way to visit 0.9130 as a next correctional target.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.9020.

The expected trading range for today is between 0.8980 support and 0.9130 resistance.

The expected trend for today: Bullish