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Wheat price approaches the target – Forecast today - 13-09-2024
Wheat price provided additional positive trades yesterday to approach the waited target at 599.00$, and continues to move inside the bullish channel that supports the chances of surpassing the mentioned level and achieve more bullish correction on the intraday and short-term basis, to extend the targets towards 623.70$.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 568.50$ and holding below it.
The expected trading range for today is between 575.00$ support and 599.00$ resistance.
Trend forecast: Bullish
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Sugar price breaches the resistance – Forecast today - 13-09-2024
Sugar price ended yesterday with strong positivity, as it breached 19.23$ level and settled above it, to cancel the negative effect of the double top pattern and head towards achieving expected gains on the intraday basis, targeting testing 19.60$ followed by 20.04$ levels as next positive stations.
MoreSoybean price draws positive pattern – Forecast today - 13-09-2024
Soybean price surpassed the intraday bearish channel’s resistance line to test the key resistance 1028.80$, and by taking a deeper look at the chart, we find that this resistance forms the neckline of the head and shoulders’ pattern that appears on the chart, which means that breaching it will push the price to achieve bullish correction that its targets begin at 1071.20$ and extend to 1105.50$.
MoreCorn price attempts positively – Forecast today - 13-09-2024
Corn price attempted to break 405.20$ level yesterday but it consolidated well above it, to keep the bullish trend active for the upcoming period, waiting to get positive motive that assist to push the price to achieve our expected target at 416.30$.
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