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Sugar price keeps achieving the positive targets – Analysis - 06-09-2023
Sugar price rallied upwards strongly yesterday to reach our waited extended target at 26.80, and we expect the continuation of the bullish trend domination to surpass this level and achieve additional gains that reach 27.50 areas.
Therefore, we are waiting for more bullish bias in the upcoming sessions, supported by the EMA50, taking into consideration that failing to surpass 26.80 will stop the positive scenario and h the price to turn to decline.
The expected trading range for today is between 26.40 support and 27.25 resistance
The expected trend for today: Bullish
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Soybean price tests the resistance – Analysis - 06-09-2023
Soybean price tested 1385.00 resistance line and keeps its stability below it, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next target located at 1348.30.
MoreCorn price within tight track – Analysis - 06-09-2023
Corn price shows sideways and tight trades, settling around 490.00, thus, no change to the expected bearish trend on the intraday and short term basis, which gets continuous support by the EMA50, depending on the price stability below 509.50, reminding you that our next main target reaches 435.60.
MoreThe USDCHF hits the target – Analysis - 06-09-2023
The USDCHF pair succeeded to achieve our waited target at 0.8890 and settles around it, noticing that the price closed the daily candlestick above it, to support the chances of continuing the bullish bias and head to achieve additional gains that reach 0.8995.
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