Wheat price provided temporary positive trades yesterday to test 600.00 barrier, but it bounced bearishly to resume the expected bearish trend on the intraday basis, waiting to visit 573.00 that represent sour next main target.

The EMA50 forms good negative pressure that supports the continuation of the expected bearish trend, noting that breaching 605.00 will stop the expected decline and push the price to recover.

The expected trading range for today is between 575.00 support and 595.00 resistance.

The expected trend for today: Bearish

Sugar price retested the breached neckline of the inverted head and shoulders’ pattern and keeps its stability above it, which keeps the bullish trend scenario active for the upcoming period, which targets 22.60 mainly.

Stochastic negativity might hinder the mission to rise to show temporary sideways fluctuation before resuming the positive trades, reminding you that it is important to hold above 21.35 to continue the expected rise.

The expected trading range for today is between 21.60 support and 22.40 resistance

The expected trend for today: Bullish

Soybean price resumed its negative trading clearly to reach 1200.00 barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, noting that we are waiting to test 1193.00 initially, which breaking it represents the key to head towards 1180.00 followed by 1155.00 levels as next negative stations.

Therefore, the bearish trend scenario will remain valid and active unless breaching 1228.00 and holding above it.

The expected trading range for today is between 1185.00 support and 1215.00 resistance.

The expected trend for today: Bearish

Corn price attempted to breach 452.50 level but it bounced bearishly to keep its stability below it, which keeps the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, noting that our waited target reaches 440.00.

On the other hand, we should note that breaching 451.50 will lead the price to recover and head to test the bearish channel’s resistance around 461.30 before any new attempt to decline.

The expected trading range for today is between 440.00 support and 453.00 resistance.

The expected trend for today: Bearish