Sugar price traded with clear negativity yesterday to surpass our first waited target at 20.45 and reach the extended target at 19.82, facing more negative pressures that support the chances of surpassing the last level to open the way to suffer additional losses that reach 18.55 as a next main station.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 21.35 and hold above it.

The expected trading range for today is between 19.70 support and 20.50 resistance

The expected trend for today: Bearish

Soybean price provided new negative trades to reach our first extended target at 1295.00, reinforcing the expectations of continuing the bearish trend, waiting for more decline that targets 1266.30 areas as a next main station.

The EMA50 forms continuous negative pressure against the price to support the expected bearish trend, which will remain valid conditioned by the price stability below 1311.70.

The expected trading range for today is between 1280.00 support and 1315.00 resistance.

The expected trend for today: Bearish

Corn price bounced bullishly after leaning on the bearish channel’s resistance that appears on the chart, to head towards potential visit to this channel’s resistance around 481.30, thus, we expect to witness positive trades in the upcoming sessions.

On the other hand, we should note that breaking 470.60 will stop the suggested positive scenario and push the price to resume the main bearish trend and head towards 465.00 areas as a next negative target.

The expected trading range for today is between 472.00 support and 481.30 resistance.

The expected trend for today: Bullish

The USDCHF pair resumed its negative trading to succeed reaching the waited target at 0.8552, and it might witness some temporary bullish bias affected by stochastic positivity before turning back to decline again, as we suggest the continuation of the overall bearish trend within the bearish channel that appears on the chart, noting that the next target reaches 0.8500.

On the other hand, we should note that breaching 0.8590 will stop the expected decline and push the price to start recovery attempts that target visiting 0.8710 areas before any new attempt to decline.

The expected trading range for today is between 0.8480 support and 0.8620 resistance.

The expected trend for today: Bearish