|
Wheat price breaks the support – Analysis - 02-08-2022
Wheat price provided clear negative trades yesterday to manage to break 804.00 level and hold below it, which supports the continuation of the expected bearish trend scenario for the upcoming period, which its next main target located at 744.40.
Moving below the EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 840.00.
The expected trading range for today is between 770.00 support and 820.00 resistance.
The expected trend for today: Bearish
Sugar price attempts to recover – Analysis - 02-08-2022
Sugar price ended yesterday with clear positivity after the attempt to return to the bearish channel that appears on the chart, affected by stochastic positivity, while the EMA50 keeps pressing negatively on the price, waiting to resume the bearish wave that its next target located at 17.00.
MoreSoybean price hits the first negative target – Analysis - 02-08-2022
Soybean price declined strongly yesterday to succeed achieving our waited target at 1402.10, noticing that the price begins today with additional negativity to attack the mentioned level, opening the way to continue the decline and head to achieve additional negative targets that reach 1355.00 followed by 1318.20.
MoreCorn price completes negative pattern – Analysis - 02-08-2022
Corn price provided clear negative trades yesterday, noticing that the price completed forming bearish flag pattern that supports the continuation of the expected bearish trend on the intraday basis, and the way is open to head towards our waited target at 575.00.
More