Wheat price opens today’s trading with clear negativity to break 605.00 level and settles below it, to hint heading to start potential bearish wave on the intraday basis, but we notice that stochastic gains the positive momentum to support the chances to recover again.

Therefore, the contradiction between the technical factors makes us stay aside until we get clearer signal for the next trend, noting that the continuation of the decline and breaking 595.50 will push the price to achieve negative targets that reach 579.00 initially, while breaching 605.00 will lead the price to recover again, and the positive targets start at 620.00 and extend to 639.30.

The expected trading range for today is between 590.00 support and 610.00 resistance.

The expected trend for today: Neutral

Sugar price traded with clear positivity on last Friday to move away from 22.60 and hint heading to resume the bullish wave on the intraday basis, targeting testing 23.80 as a first positive station, noting that breaching this level will push the price towards 25.00 followed by 25.35 as next targets.

Stochastic overlaps positively to support the expectations to rise, noting that breaking 22.60 will push the price to turn to decline and head towards 21.35 direct.

The expected trading range for today is between 22.90 support and 23.80 resistance

The expected trend for today: Bullish

Soybean price broke 1204.10 level clearly and settled it, reinforcing the expectations of continuing the bearish trend on the intraday and short-term basis, and the way is open to achieve our next target at 1171.50.

The bearish channel organizes the suggested bearish wave, which gets continuous support by the EMA50, taking into consideration that breaching 1214.50 will stop the expected decline and lead the price to start correctional bullish wave on the intraday basis.

The expected trading range for today is between 1175.00 support and 1205.00 resistance.

The expected trend for today: Bearish

Corn price found difficulty to surpass 455.00 level, to rebound bearishly and head towards resuming the main bearish track again, on its way to visit the recently recorded low at 442.90 as a first station, making the bearish bias suggested in the upcoming sessions.

The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless breaching 455.00 and holding with a daily close above it.

The expected trading range for today is between 440.00 support and 455.00 resistance.

The expected trend for today: Bearish