Sugar price provided new negative trades yesterday to reach the thresholds of the waited target at 25.25, and we expect to break this level to open the way to extend the correctional bearish wave to reach 24.30 aeras.

By taking a deeper look at the chart, we find that the price is forming double top pattern that its confirmation line located at 24.90, which means that breaking this level will push the price to achieve additional negative targets that extend to 23.50.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 26.00 and holding above it.

The expected trading range for today is between 24.80 support and 25.60 resistance

The expected trend for today: Bearish

Soybean price shows calm negative trades to settle around 1260.00, and we expect the continuation of the bearish bias to achieve negative targets that reach 1200.00.

The bearish channel continues to organize the expected bearish wave, which gets continuous support by the EMA50, noting that breaching 1274.00 will push the price to achieve some intraday bullish correction before turning back to decline again.

The expected trading range for today is between 1230.00 support and 1280.00 resistance.

The expected trend for today: Bearish

Corn price managed to touch our first suggested target at 555.90 and faces solid resistance there, affected by stochastic negativity that hinders the mission to rise, which makes us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaching 555.90 resistance or breaking 550.00 support.

Note that breaching the mentioned resistance will push the price to achieve more bullish correction that its next target reaches 574.30, while breaking the support represents negative factor that will push the price to resume the main bearish trend and head to achieve negative targets that start at 536.80 and extend to 526.10.

The expected trading range for today is between 545.00 support and 562.00 resistance.

The expected trend for today: Neutral

The USDCHF pair managed to touch our waited target at 0.9055, noticing that the price begins today with additional positivity to attempt to surpass this level, reinforcing the expectations of continuing the correctional bullish trend, reminding you that our next target is located at 0.9130.

The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, noting that holding above 0.9010 is important to continue the expected rise.

The expected trading range for today is between 0.9000 support and 0.9150 resistance.

The expected trend for today: Bullish