|
Sugar price is affected by the negative momentum – Analysis - 04-10-2021
Sugar price ended last Friday negatively to more below the symmetrical triangle’s resistance, affected by stochastic negativity, while the EMA50 forms positive support against the price, waiting to resume the positive trades to test 20.60 mainly.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 19.72.
The expected trading range for today is between 19.80 support and 20.50 resistance
The expected trend for today: Bullish
Soybean price approaches the target – Analysis - 04-10-2021
Soybean price shows new negative trades to approach our main waited target at 1225.90, to support the continuation of the bearish trend scenario on the intraday and short term basis, noting that breaking the mentioned level will extend the bearish wave to reach 1195.00 as a next station.
MoreCorn price awaits the break – Analysis - 04-10-2021
Corn price continues to fluctuate inside the bearish flag pattern, waiting to break it support line that rises now to 526.00 to motivate the price to return to the main bearish track, noting that the first target is located at 500.00.
MoreCorn price awaits the break – Analysis - 04-10-2021
Corn price continues to fluctuate inside the bearish flag pattern, waiting to break it support line that rises now to 526.00 to motivate the price to return to the main bearish track, noting that the first target is located at 500.00.
More