Wheat price traded with clear positivity yesterday to reach the key resistance 547.70$, noticing that the price begins today with bearish bias on its way to resume the expected bearish trend for the upcoming period, motivated by stochastic positivity that appears clearly now, waiting for more decline to visit 519.10$ as a next main target.

Therefore, we will continue to suggest the bearish trend on the intraday and short-term basis unless breaching 547.70$ and holding above it.

The expected trading range for today is between 525.00$ support and 547.00$ resistance.

Trend forecast: Bearish

Soybean price faced new negative pressure to test the key support 990.00$, which urges caution from the upcoming trading, as we witness signs of double top pattern that might turn the intraday track to decline in case breaking the mentioned support.

The technical indicators provide positive signals that support the chances to rise in the upcoming sessions, waiting to target 1015.00$ followed by 1030.00$ levels that represent the suggested wave targets, reminding you that it is important to hold above 990.00$ to guarantee the continuation of the bullish trend.

The expected trading range for today is between 980.00$ support and 1015.00$ resistance.

Trend forecast: Bullish

Corn price bounced bullishly after leaning on 454.00$ level, which supports the continuation of the expected bullish trend on the intraday and short-term basis, reminding you that we are waiting to visit 463.30$ followed by 474.60$ levels mainly.

The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 454.00$ and holding with a daily close below it.

The expected trading range for today is between 453.00$ support and 465.00$ resistance.

Trend forecast: Bullish

The USDCHF price faced strong negative pressure yesterday to test the key support 0.9014, noticing that the price consolidated above this level to start bouncing bullishly and attempt to build bullish wave on the intraday basis, motivated by stochastic positivity.

Therefore, we expect to witness positive trades in the upcoming sessions conditioned by the price stability above 0.9014, noting that our targets start at 0.9135 and extend to 0.9195.

The expected trading range for today is between 0.9000 support and 0.9120 resistance.

Trend forecast: Bullish