Sugar price managed to achieve our first target at 24.30 and settles there, waiting to resume the positive trades to achieve additional gains that reach 25.25, affected by the double bottom pattern that appears on the chart.

Therefore, the bullish trend will remain valid and active on the intraday basis, supported by the EMA50 that carries the price from below, reminding you that the continuation of the bullish wave depends on the price stability above 23.50.

The expected trading range for today is between 24.00 support and 24.70 resistance

The expected trend for today: Bullish

Soybean price continued to rise to test 1385.00 level, which represents the sideways range’s resistance that dominates the intraday trades, with chances to rebound bearishly to visit this range’s support line at 1311.70.

Until now, the sideways bias still suggested on the intraday basis until the price manages to surpass one of the above-mentioned levels to detect its next destination clearly, noting that breaching 1385.00 resistance will lead the price to achieve additional gains that reach 1430.40 areas, while breaking the support represents negative factor that will push the price to decline towards 1266.30 as a next negative station.

The expected trading range for today is between 1360.00 support and 1400.00 resistance.

The expected trend for today: Sideways

Corn price opened today’s trading with clear positivity to breach 509.50 level and settles above it, to hint the attempt to recover and stop the negative pressure that dominates the recent trades, but its still below the key resistance 529.00, which represents the neckline of the head and shoulders’ pattern that its signs appear on the chart, which makes us prefer to stay aside until we get clearer signal for the next trend.

Note that continuing the rise and breaching 529.00 will lead the price to achieve more gains and head to test 569.30 as a next station, while breaking 509.50 support represents the key to resume the main bearish wave that targets 467.00 followed by 435.60 areas mainly.

The expected trading range for today is between 495.00 support and 529.00 resistance.

The expected trend for today: Neutral

The USDCHF pair shows more bearish bias, noticing that stochastic shows clear negative signals now, waiting to motivate the price to resume the main bearish trend, which its next targets located at 0.8520 followed by 0.8450.

Therefore, the bearish wave will remain dominant on the intraday and short-term basis, supported by the negative pressure formed by the EMA50, noting that breaching 0.8680 will stop the expected decline and lead the price to start bullish correction before turning back to decline again.

The expected trading range for today is between 0.8540 support and 0.8660 resistance.

The expected trend for today: Bearish