|
Wheat price attempts to breach – Analysis - 24-01-2024
Wheat price attempted to breach 605.00 level but it ended yesterday below it, which keeps our bearish overview valid, as the price is affected by the previously completed double top pattern, reminding you that we are waiting to head towards 573.00 as a next main target.
On the other hand, we should note that breaching 605.00 will stop the expected decline and lead the price to return to the correctional bullish track again.
The expected trading range for today is between 590.00 support and 610.00 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Sugar price resumes the rise – Analysis - 24-01-2024
Sugar price provided clear positive trades yesterday to move away from 22.60 level, reinforcing the expectations of continuing the bullish trend on the intraday basis, and the way is open to achieve our next target at 23.80.
MoreSoybean price hits the first target – Analysis - 24-01-2024
Soybean price succeeded to achieve our waited target at 1239.40 and breached it to close the daily candlestick above it, paving the way to achieve more bullish correction on the intraday basis, targeting heading towards 1261.20 areas as a next main station.
MoreCorn price reaches the target – Analysis - 24-01-2024
Corn price managed to touch the bearish channel’s resistance that appears on the chart, and begins to provide negative trades that hint heading to resume the bearish track within the mentioned channel, as the EMA50 meets the current resistance areas to add more strength to it.
More