Wheat price breaches the resistance – Analysis - 15-09-2021
Wheat price breached 696.80 level clearly and close the daily candlestick above it, which stops the correctional bearish scenario and leads the price to start recovery attempts on the intraday basis, targeting visiting 717.00 initially.
Therefore, the bullish bias will be suggested for the upcoming period unless breaking 696.80 and holding below it.
The expected trading range for today is between 690.00 support and 710.00 resistance.
The expected trend for today: Bullish
Sugar price gets negative signals – Analysis - 15-09-2021
Sugar price kept its stability below 19.72, to keep the bearish trend scenario active until now, supported by the negative signals provided by stochastic and the EMA50, waiting to resume the decline that targets 19.16 followed by 18.70 levels as main stations.
On the other hand, we should note that breaching 19.72 and holding above it will stop the suggested negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 19.10 support and 19.80 resistance
The expected trend for today: Bearish
No news for Soybean price – Analysis - 15-09-2021
The tight range continues to dominate Soybean price trades, which keeps our bearish overview valid as it is without any change, which targets 1270.00 followed by 1225.90 levels mainly, reminding you that it is important to hold below 1318.80 to achieve these targets.
The expected trading range for today is between 1260.00 support and 1310.00 resistance.
The expected trend for today: Bearish
Corn price tests the initial resistance – Analysis - 15-09-2021
Corn price trades positively to test the intraday bearish channel’s resistance, which represents the first protection factor to the continuation of the recently suggested negative scenario, noticing that stochastic shows big overbought signals, to support the chances of resuming the decline in the upcoming sessions.
Therefore, the overall bearish trend scenario will remain valid unless breaching 534.50 and holding above it, reminding you that our expected target is located at 493.40.
The expected trading range for today is between 530.00 support and 510.00 resistance.
The expected trend for today: Bearish