Sugar Price Analysis

Expected Scenario

• Sugar price attempted to breach the 21.35$ level but maintained daily close stability below it.
• Keeping the bearish trend scenario valid and active for the upcoming period, waiting to visit 21.00$ followed by 20.50$ levels as next main targets.

Expected Outcome

Holding below 21.35$ is a key condition for the continuation of the expected decline.

Breaching it represents a positive factor that will lead the price to start recovery attempts and head to achieve gains.

Expected Trading Range

Between 20.70$ support and 21.35$ resistance.

Soybean Price Analysis

Expected Scenario

• Soybean price continues to decline, gradually approaching the first awaited negative target at 1164.00$.
• Moving within a bearish channel that supports the chances of continuing the bearish wave to achieve additional negative targets.

Expected Outcome

Suggesting a bearish trend for the upcoming period, supported by the EMA50.

Expected Trading Range

Between 1150.00$ support and 1185.00$ resistance.

Corn Price Analysis

Expected Scenario

• The corn price starts with a bullish bias, approaching the neckline of the inverted head and shoulders’ pattern on the chart.
• Waiting for a breach of the neckline at 445.50$ to activate the positive effect of the pattern and rally towards additional bullish correction.

Expected Outcome

Continuing the bullish trend, it's important to hold above 433.50$ to sustain the expected rise.

Expected Trading Range

Between 436.00$ support and 452.00$ resistance.

USDCHF Price Analysis

Expected Scenario

• The USDCHF pair rallied strongly after completing the bullish flag pattern, reaching 0.9150 areas.
• Expectations favor continuing the main bullish trend within the bullish channel on the chart, with the next target at 0.9200.

Expected Outcome

The EMA50 continues to support the expected bullish wave. Breaking 0.9090 will halt the suggested rise, leading to a test of the bullish channel’s support line around 0.8990 before any new positive attempt.

Expected Trading Range

Between 0.9050 support and 0.9210 resistance.