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Sugar price rises again – Forecast today - 08-11-2024

Economies.com
2024-11-08 04:20 UTC

Sugar price returned to trade above 21.55$, to head towards building bullish wave on the intraday basis, targeting 22.10$ followed by 22.73$ levels as next positive stations.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 21.55$ and holding below it again will stop the positive scenario and put the price under negative pressure that its targets begin by visiting 21.00$ areas.

 

The expected trading range for today is between 21.50$ support and 22.30$ resistance

 

Trend forecast: Bullish

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Soybean price achieves the positive target – Forecast today - 08-11-2024

Economies.com
2024-11-08 04:20 UTC

Soybean price continued to rise to reach the waited positive target at 1028.80$, noticing that the price completed forming positive formation that supports the chances of surpassing this level to achieve additional gains that reach 1050.00$.

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Corn price builds support base – Forecast today - 08-11-2024

Economies.com
2024-11-08 04:19 UTC

Corn price leaned on the support base formed above 434.30$ and bounced upwards in attempt to resume the expected bullish trend for the upcoming period, which targets 445.40$ as a next station.

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The USDCHF price gathers the positive momentum – Forecast today - 08-11-2024

Economies.com
2024-11-08 04:19 UTC

The USDCHF price shows some bearish bias after finding solid resistance at 0.8778, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the positive trades to breach the mentioned level followed by rallying towards 0.8830$ and 0.8883$ levels that represent the next positive target.

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