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Sugar price confirms the break – Analysis - 21-09-2021

Economies.com
2021-09-21 04:08AM UTC

Sugar price confirmed breaking 19.72 level after ending yesterday below it, to support the expectations to decline in the upcoming sessions, waiting to test 19.16 level initially, noting that breaking this level will push the price to 18.70 as a next negative station.

 

The EMA50 supports the expected decline, which will remain valid unless breaching 19.72 and holding above it again.

 

The expected trading range for today is between 19.20 support and 19.70 resistance

 

The expected trend for today: Bearish

Soybean price hits the first target – Analysis - 21-09-2021

Economies.com
2021-09-21 04:08AM UTC

Soybean price managed to achieve our first waited target at 1270.00 and presses negatively on it, reinforcing the expectations of continuing the bearish trend in the upcoming period, paving the way to head towards 1225.90 that represents our next main target.

 

Therefore, the bearish bias will remain dominant in the upcoming sessions as long as 1318.80 level remains intact.

 

The expected trading range for today is between 1255.00 support and 1280.00 resistance.

 

The expected trend for today: Bearish

Corn price declines calmly – Analysis - 21-09-2021

Economies.com
2021-09-21 04:07AM UTC

Corn price shows calm negative trades and attempts to move away from the bearish channel’s resistance, accompanied by stochastic loss to the positive momentum clearly, to support the expectations of continuing the bearish trend, which targets 504.00 followed by 480.00 levels mainly, reminding you that it is important to hold below 534.00 to continue the expected decline.

 

The expected trading range for today is between 504.00 support and 530.00 resistance.

The expected trend for today: Bearish

The USDCHF retests the breached resistance – Analysis - 21-09-2021

Economies.com
2021-09-21 04:07AM UTC

The USDCHF pair declined clearly yesterday to retest 0.9265 that turns into key support after breaching it previously, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to resume the positive trades that target visiting 0.9345 initially.

 

Therefore, the bullish trend scenario will remain valid unless breaking 0.9265 and holding below it.

 

The expected trading range for today is between 0.9230 support and 0.9330 resistance.

 

The expected trend for today: Bullish