Sugar price ended yesterday with clear positivity to move away from 17.40, reinforcing the expectations of continuing the bullish trend, which depends on the price stability above the mentioned level, supported by the EMA50, reminding you that our main waited target reaches 18.20.
The expected trading range for today is between 17.40 support and 18.20 resistance
The expected trend for today: Bullish
Soybean price’s recent trades are confined within bullish pennant pattern that appears on the chart, which means that breaching 1395.00 will provide good positive motive that supports the expectations of continuing the bullish trend, which targets 1413.00 followed by 1433.70 levels mainly.
Therefore, the positive scenario will remain active for the upcoming period conditioned by the price stability above 1370.00.
The expected trading range for today is between 1365.00 support and 1415.00 resistance.
The expected trend for today: Bullish
Corn price finds difficulty to surpass 571.50 level, to show some bearish bias and approach testing the key support 559.00, accompanied by stochastic reach to the oversold areas.
Therefore, we believe that the chances valid to resume the bullish trend in the upcoming sessions, and the next target reaches 584.10, noting that breaking 559.00 will stop the expected rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 555.00 support and 575.00 resistance.
The expected trend for today: Bullish
The USDCHF pair could not manage to hold for long time above 0.9200, to trade negatively and settles below it, and it might head for additional decline affected by stochastic negativity.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.9135 and holding below it, reminding you that our next main target is located at 0.9265.
The expected trading range for today is between 0.9130 support and 0.9240 resistance.
The expected trend for today: Bullish