Sugar price surpassed 16.80 level and settled above 17.00 barrier, to confirm the activation of the bullish trend scenario for the upcoming period, paving the way to achieve gains that start at 17.50 and extend to 18.00, noting that the EMA50 supports the price from below.
We need to consider that the continuation of the expected bullish wave requires holding above 16.80.
The expected trading range for today is between 16.90 support and 17.50 resistance
The expected trend for today: Bullish
Soybean price tested 1527.20 level and kept its stability below it, to keep the bearish trend scenario valid and active for the upcoming period, supported by stochastic negativity, waiting to test 1500.00 level initially.
On the other hand, we should note that breaching 1527.20 and holding above it will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1500.00 support and 1535.00 resistance.
The expected trend for today: Bearish
Corn price breached 683.60 level strongly and settled above it, to regain the main bullish track and head towards achieving gains that start at 700.00 and extend to 730.00, supported by the EMA50.
Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 677.50 followed by 667.00 levels and holding below them.
The expected trading range for today is between 680.00 support and 710.00 resistance.
The expected trend for today: Bullish
The USDCHF pair provided new positive trades and attempted to breach 0.9140 level, but it returns to settle below it, which keep the bearish trend scenario active until now, and the price needs to break 0.9100 to confirm heading towards our negative targets that start at 0.9065 followed by 0.8990.
Note that surpassing 0.9140 followed by 0.9160 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.9065 support and 0.9160 resistance.
The expected trend for today: Bearish