|
Sugar price faces solid support – Forecast today - 28-10-2024
Sugar price bounced bearishly again after testing 22.15$ level in the previous sessions, but it found solid support at 21.55$, waiting to get negative motive that assist to push the price to break this level and confirm the continuation of the bearish trend on the intraday and short-term basis, reminding you that breaking the mentioned level will push the price towards 20.80$ direct.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 22.15$ and holding above it.
The expected trading range for today is between 21.30$ support and 22.00$ resistance
Trend forecast: Bearish
Thanks for your feedback.
Soybean price resumes the decline – Forecast today - 28-10-2024
Soybean price couldn’t manage to hold for long time above 1000.00$ barrier, to trade negatively and head towards resuming the bearish track again, and we suggest visiting the recently recorded low at 960.30$ as a next main target.
MoreCorn price is under the negative pressure – Forecast today - 28-10-2024
Corn price faced clear negative pressures in the previous sessions, as it broke 425.30 level and settled below it, to head towards achieving expected decline on the intraday basis after recording lower high as appears on the chart, on its way to test 416.30$ initially, noting that breaking it will push the price towards 405.20$ on the near-term basis.
MoreThe USDCHF price breaches the resistance – Forecast today - 28-10-2024
The USDCHF price managed to breach 0.8673 level and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to achieve our positive targets that start at 0.8730 and extend to 0.8778.
More