Wheat price traded with strong negativity on last Friday to break 605.00 and settle below it, but it begins today positively to move above this level again, which keeps the sideways move scenario valid on the intraday basis, as the price is confined between the mentioned support and 639.30 resistance, waiting to breach one of these levels to detect the next destination clearly.

We remind you that breaking the support will push the price to achieve negative targets that start at 573.00, while breaching the resistance will lead the price to achieve new gains that reach 667.00 on the near term basis.

The expected trading range for today is between 595.00 support and 615.00 resistance.

The expected trend for today: Sideways

Sugar price is testing the rising wedge’s support line, noticing that stochastic overlaps negatively to support the chances of breaking this support and activate the negative effect of the mentioned pattern, to head towards resuming the expected bearish trend on the intraday and short-term basis, reminding you that our next target is located at 19.82.

The EMA50 continues to support the suggested bearish wave, reminding you that it is important to hold below 21.35 and 21.65 to continue the expected decline.

The expected trading range for today is between 20.80 support and 21.55 resistance

The expected trend for today: Bearish

Soybean price broke 1236.00 level clearly and decline strongly to reach 1200.00$ barrier, noticing that the price attempts to recover to fluctuate near 1236.00 that forms key resistance now, as the price needs to consolidate below it as a first condition to the continuation of the expected bearish trend for the upcoming period, which its next target located at 1193.00.

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that breaching 1236.00 might push the price to test the most important resistance at 1266.30 before any new attempt to decline.

The expected trading range for today is between 1200.00 support and 1245.00 resistance.

The expected trend for today: Bearish

Corn price declined on last Friday to achieve our negative targets suggested in our last report, noticing that the price settles below the bearish channel’s support line to confirm opening the way to continue the decline on the intraday and short-term basis, noting that the next station reaches 440.00 areas.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 454.00 might push the price to achieve intraday gains and test the bearish channel’s resistance line around 464.00 before any new attempt to decline.

The expected trading range for today is between 445.00 support and 458.00 resistance.

The expected trend for today: Bearish