Wheat price shows more rise to reach the thresholds of the waited target at 723.10, noticing that the price surpassed the intraday bullish channel’s resistance, to support the chances of continuing the bullish bias and extend the bullish wave to reach 745.50 followed by 767.20 areas as next main targets.
On the other hand, we should note that failing to breach 723.10 will push the price to rebound bearishly and head to test 668.50 areas initially.
The expected trading range for today is between 705.00 support and 730.00 resistance.
The expected trend for today: Bullish
Sugar price shows calm bullish bias, settling around 26.00 level, waiting to get positive motive that assist to push the price to continue the rise and head towards our next target at 26.80.
In general, the bullish trend will remain valid and active for the upcoming period unless breaking 25.25 and holding below it, noting that the EMA50 continues to support the suggested bullish wave.
The expected trading range for today is between 25.70 support and 26.60 resistance
The expected trend for today: Bullish
Soybean price approached our extended target at 1385.00 and rebounds bearishly now to head towards potential test to the key support 1348.30, noticing that stochastic provides positive signals now, waiting to motivate the price to resume the bullish trend, reminding you that breaching 1385.00 will extend the bullish wave to reach 1430.40 areas.
On the other hand, we should note that breaking 1348.30 will stop the expected rise and push the price to decline again.
The expected trading range for today is between 1345.00 support and 1390.00 resistance.
The expected trend for today: Bullish
Corn price opened today with clear positivity to surpass 604.00 level and settle above it, to confirm the continuation of the bullish trend and open the way to visit 622.40 as a next positive station.
Therefore, the bullish trend scenario will remain valid and active, supported by the EMA50 that carries the price from below, noting that breaking 604.00 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 604.00 support and 622.40 resistance.
The expected trend for today: Bullish