|
Sugar price continues to decline – Forecast today - 16-01-2025
Sugar price provided additional negative trades yesterday to move away from 17.70$ level and confirm the continuation of the bearish trend domination on the intraday and short-term basis, noting that the waited negative target declines to 16.65$.
The negative pressure formed by the EMA50 supports the expected bearish trend, noting that breaching 17.70$ followed by 18.05$ levels will stop the bearish wave and lead the price to turn to rise.
The expected trading range for today is between 16.80$ support and 17.65$ resistance
Trend forecast: Bearish
Thanks for your feedback.
Soybean price under the negative pressure – Forecast today - 16-01-2025
Soybean price faced clear negative pressures to break 1040.00$ and head towards continuing the decline on the intraday basis, on its way to test the key support base at 1014.50$ mainly.
MoreThe USDCHF price presses on the support line – Forecast today - 16-01-2025
The USDCHF price faced negative pressures yesterday to attempt to break the bullish channel’s support line, but it returns to fluctuate around it, noticing that the EMA50 continues to provide the positive support to the price, waiting to resume the bullish wave that targets 0.9224 mainly.
MoreThe NZDUSD price awaits the decline – Forecast today - 16-01-2025
The NZDUSD price continued to rise to test the main bearish channel’s resistance line, waiting to start bearish wave and resume the main bearish track in the upcoming sessions, to head towards achieving negative targets that start at 0.5540$ and extend to 0.5450$.
More