Wheat price provided new negative trades yesterday to complete forming double top pattern that its signs appear on the chart, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next main target is located at 549.70.

The EMA50 supports the suggested bearish wave, noting that breaching 572.00 followed by 581.40 levels will stop the expected decline and lead the price to recover on the intraday basis.

The expected trading range for today is between 560.00 support and 575.00 resistance.

The expected trend for today: Bearish

Sugar price managed to breach the falling wedge’s resistance to activate the positive effect of this pattern and rally bullishly to resume the bullish wave, reinforcing the expectations of continuing the rise on the intraday and short-term basis, reminding you that we are waiting to visit 27.82 as a next main target.

Stochastic provides positive signal that supports the expectations to rise, reminding you that it is important to hold above 24.74 to achieve the waited targets.

The expected trading range for today is between 26.80 support and 27.70 resistance

The expected trend for today: Bullish

Soybean price opens today with clear positivity to approach our waited target at 1385.00, and we suggest surpassing this level to open the way to head towards the bullish channel’s resistance at 1406.50.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by moving above the EMA50, noting that failing to breach 1385.00 will push the price to rebound bearishly and head towards 1348.30 mainly.

The expected trading range for today is between 1350.00 support and 1400.00 resistance.

The expected trend for today: Bullish

Corn price is testing the EMA50 that forms minor resistance at 485.50, waiting to breach this level to open the way to achieve our positive targets that start at 487.90 and extend to 493.20.

Until now, the bullish trend scenario still active for the upcoming period, reminding you that it is important to hold above 481.30 to achieve the suggested targets.

The expected trading range for today is between 480.00 support and 490.00 resistance.

The expected trend for today: Bullish