Sugar price ended yesterday with clear positivity to approach 18.00 barrier, which supports our expectations of continuing the bullish trend, waiting to visit 18.20 level as a next target, noting that the EMA50 supports the expected rise.
On the other hand, we should note that breaking 17.40 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 17.60 support and 18.40 resistance
The expected trend for today: Bullish
Soybean price soared yesterday to breach 1318.80 level and test 1400.00 barrier, to head towards achieving more expected rise and return to the main bullish track again, noting that the expected targets begin at 1433.70.
Moving above the EMA50 supports the expected bullish trend, which will remain valid unless breaking 1318.80 and holding below it again.
The expected trading range for today is between 1370.00 support and 1430.00 resistance.
The expected trend for today: Bullish
Corn price rallied upwards sharply yesterday to surpass 572.70 and settles above 600.00 barrier now, which leads the price to achieve more expected gains in the upcoming period, on its way to visit 624.80 level as a next positive target.
Therefore, the bullish bias will be suggested on the intraday and short term basis, noting that breaking 600.00 might press on the price to return to the bearish track again.
The expected trading range for today is between 595.00 support and 630.00 resistance.
The expected trend for today: Bullish
The USDCHF pair traded with clear positivity yesterday to reach the waited target at 0.9265, organized inside the bullish channel that appears on the chart, which supports the chances of surpassing the mentioned level and open the way to head towards 0.9315 as a next station.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.9200 and holding below it.
The expected trading range for today is between 0.9210 support and 0.9310 resistance.
The expected trend for today: Bullish