Sugar price ended yesterday positively, to approach our waited target at 18.42$, and we suggest breaching this level to open the way to achieve bullish correction that its next target reaches 19.41$.
The technical indicators support the expected rise, noting that breaking 17.90$ will stop the bullish wave and push the price to turn to decline.
The expected trading range for today is between 18.00$ support and 18.80$ resistance
Trend forecast: Bullish
Soybean price succeeded to achieve our first positive target at 1080.00$ and finds good resistance there, waiting to gather positive momentum that assist to push the price to surpass this level and head towards the next target at 1100.00$.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1055.00$.
The expected trading range for today is between 1060.00$ support and 1100.00$ resistance.
Trend forecast: Bullish
Corn price shows more bullish bias to start testing 504.00$ level, waiting to breach this level to reinforce the expectations of continuing the bullish trend on the intraday and short-term basis, reminding you that our next targets are located at 516.00$ followed by 520.00$.
Holding above 493.60$ is important to achieve the suggested targets, as breaking it represents the key to turn to decline and achieve bearish correction on the intraday basis.
The expected trading range for today is between 495.00$ support and 510.00$ resistance.
Trend forecast: Bullish
The USDCHF price provided additional negative trades yesterday, approaching our waited target at 0.9014 gradually, which represents key level to detect the next destination, as breaking it represents the key to extend the bearish wave and head to achieve additional negative targets that reach 0.8950 followed by 0.8884, while consolidating above it will lead the price to resume the main bullish track again.
Until now, the bearish trend still suggested on the intraday basis unless breaching 0.9145 and holding above it.
The expected trading range for today is between 0.8980 support and 0.9100 resistance.
Trend forecast: Bearish