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Sugar price tests the support – Analysis - 18-03-2021
Sugar price traded negatively yesterday to test the key support 15.85, which represent one of the next trend keys besides 16.20, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
Note that breaking the mentioned level will press on the price to visit 15.55 level direct, while the price needs to beach 16.20 to resume the main bullish trend that targets 17.00 followed by 17.50 levels as next positive stations.
The expected trading range for today is between 15.60 support and 16.20 resistance
The expected trend for today: Neutral
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Soybean price within tight track – Analysis - 18-03-2021
Soybean price did not show any strong move in the previous sessions, to remain stable below the broken support of the bullish channel, thus, no change to our bearish overview that depends on the price stability below 1425.00, reminding you that our first target is located at 1373.00.
MoreCorn price keeps its positive stability – Analysis - 18-03-2021
Corn price keeps its stability above the breached resistance of the symmetrical triangle, settling around 550.00 level, thus, our bullish overview will remain valid for the upcoming period, waiting to get positive motive that assist to push the price to resume the positive trades that target 570.40 level, reminding you that it is important to hold above 540.00 and 530.00 levels to continue the expected rise.
MoreThe USDCHF confirms the break – Analysis - 18-03-2021
The USDCHF pair succeeded to break 0.9256 level and traded with clear negativity to settle below it, reinforcing the expectations of continuing the bearish trend, which targets 0.9185 as a next station, noting that surpassing this level will push the price to 0.9125 as a next negative target.
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