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Sugar price touches the first target – Analysis - 07-09-2022
Sugar price succeeded to touch our first waited target at 17.80 and presses negatively on it, and we expect to surpass this level to open the way to extend the bearish wave towards 17.23.
Moving below the EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 18.13 and hold above it.
The expected trading range for today is between 17.30 support and 18.00 resistance
The expected trend for today: Bearish
Soybean price surpasses the first target – Analysis - 07-09-2022
Soybean price resumed its negative trading clearly to surpass our first target at 1402.10 and approaches the second target at 1378.00, reinforcing the expectations of continuing the bearish trend, which its negative targets extend to reach 1360.00 followed by 1318.20.
The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1412.00.
The expected trading range for today is between 1350.00 support and 1410.00 resistance.
The expected trend for today: Bearish
Corn price needs the positive momentum – Analysis - 07-09-2022
Corn price provided positive trades yesterday, but it begins today with slight bearish bias affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the main bullish trend, which its next targets located at 690.00 followed by 698.90.
Holding above 660.70 is important to continue the expected rise, noting that the EMA50 continues to support the suggested bullish wave.
The expected trading range for today is between 660.00 support and 690.00 resistance.
The expected trend for today: Bullish
The USDCHF is recovering – Analysis - 07-09-2022
The USDCHF pair returns to rise and trade within the bullish channel that appears on the chart, to resume the bullish track within this channel and head towards achieving expected gains in the upcoming sessions, on its way to visit 0.9920 followed by 1.0000 levels as next main stations.
Therefore, we expect to witness more rise on the intraday basis unless breaking 0.9815 and holding below it.
The expected trading range for today is between 0.9815 support and 0.9940 resistance.
The expected trend for today: Bullish