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Sugar price presses on the support – Analysis - 11-03-2020
Sugar price continues to fluctuate at 12.44 and still above it, which keeps our bullish overview valid on the intraday basis, which targets testing 12.99 level mainly.
Note that breaching the targeted level will push the price to 13.44 as a next positive station, while breaking 12.44 represents the key to resume the short term bearish trend, which its next target located at 11.55.
The expected trading range for today is between 12.40 support and 12.99 resistance
The expected trend for today: Bullish
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Soybean price consolidates positively – Analysis - 11-03-2020
Soybean price tested 876.30 level and kept its stability above it, to keep the bullish trend scenario valid for the upcoming period, noticing that stochastic begins to gather the positive momentum and gets rid of its negativity, waiting to motivate the price to resume the rise that targets 893.90 level mainly.
MoreCorn price approaches the target – Analysis - 11-03-2020
Corn Price traded with clear positivity yesterday to approach few pips way from our waited target at 380.10, fluctuating around the EMA50, waiting to get enough positive momentum to push the price to surpass the mentioned level and head towards 386.30 that represents our next positive target.
MoreThe USDCHF within negative pattern – Analysis - 11-03-2020
The USDCHF pair approached our waited target at 0.9435, and begins to rebound bearishly to approach the intraday bullish channel’s support line that appears on the chart, which we believe that it forms bearish flag pattern that supports the chances of resuming the bearish trend, as the price needs to break 0.9315 to confirm rallying towards the first negative target at 0.9187.
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