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Wheat price crawls downwards – Analysis - 06-09-2023
Wheat price shows calm bearish bias to attempt to surpass 600.00 barrier, while stochastic loses its positive momentum clearly, waiting to assist to push the price to continue the decline and achieve our waited target at 580.20.
The continuation of the bearish wave depends on the price stability below 613.00 as a first condition, as breaching it might push the price to achieve intraday gains that start at 637.50 before any new attempt to decline.
The expected trading range for today is between 590.00 support and 610.00 resistance.
The expected trend for today: Bearish
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Sugar price keeps achieving the positive targets – Analysis - 06-09-2023
Sugar price rallied upwards strongly yesterday to reach our waited extended target at 26.80, and we expect the continuation of the bullish trend domination to surpass this level and achieve additional gains that reach 27.50 areas.
MoreSoybean price tests the resistance – Analysis - 06-09-2023
Soybean price tested 1385.00 resistance line and keeps its stability below it, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next target located at 1348.30.
MoreCorn price within tight track – Analysis - 06-09-2023
Corn price shows sideways and tight trades, settling around 490.00, thus, no change to the expected bearish trend on the intraday and short term basis, which gets continuous support by the EMA50, depending on the price stability below 509.50, reminding you that our next main target reaches 435.60.
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