Wheat price succeeded to achieve our first waited target at 625.00, waiting for more bearish bias to surpass this level and head towards our next negative station that reach 580.10.
The EMA50 continues to press negatively on the price to support the continuation of the expected decline, reminding you that it is important to hold below 668.50 to achieve the waited targets.
The expected trading range for today is between 615.00 support and 645.00 resistance.
The expected trend for today: Bearish
Sugar price couldn’t manage to hold for long time above 24.30, to end yesterday negatively below this level and hint heading to resuming the correctional bearish wave, supported by stochastic negativity, but we prefer to stay aside now until we get clearer signal for the next trend.
Note that breaking 24.00 will push the price to achieve more decline and target 23.50 followed by 22.75 levels as main negative stations, while breaching 24.30 again will reactivate the positive scenario that its next target located at 25.25.
The expected trading range for today is between 23.60 support and 24.50 resistance
The expected trend for today: Neutral
Soybean price settles above 1311.70 level, attempting to surpass the EMA50, which supports the chances of activating the positive scenario on the intraday basis, on its way to achieve positive targets that start at 1348.30.
Therefore, the bullish bias will be suggested for today, noting that breaking 1311.70 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1311.00 support and 1350.00 resistance.
The expected trend for today: Bullish
Corn price resumed its negative trading to move away from 509.50 level, reinforcing the expectations of continuing the bearish trend, which targets 435.60 level as a next main station.
The EMA50 continues to support the suggested bearish wave, which is affected by the previously completed negative pattern, reminding you that it is important to hold below 509.50 to continue the expected decline.
The expected trading range for today is between 465.00 support and 490.00 resistance.
The expected trend for today: Bearish