|
Wheat price is forced for some decline – Analysis - 05-10-2021
Wheat price shows some slight bearish bias now, to move around 755.00, noticing that stochastic gains new positive momentum, waiting to assist to push the price to resume the bullish trend, which targets 782.20 as a next main station.
Therefore, we will continue to suggest the bullish trend that gets continuous support by the EMA50 conditioned by the price stability above 741.90.
The expected trading range for today is between 750.00 support and 775.00 resistance.
The expected trend for today: Bullish
Sugar price under the negative pressure – Analysis - 05-10-2021
Sugar price provided additional negative trades yesterday to break 19.72 and settles below it, which hints heading to return to the correctional bearish track, but it needs to break 19.50 to confirm the continuation of the decline.
MoreSoybean price keeps declining – Analysis - 05-10-2021
Soybean price continues to decline to crawl gradually towards our waited target at 1225.90, and we expect to break this level to open the way to visit 1195.00 as a next main target.
MoreCorn price keeps fluctuating – Analysis - 05-10-2021
Corn price fluctuates inside the bearish flag pattern that appears on the chart, and we still waiting to break this pattern’s support line -located at 527.80 now- to get negative motive that assist to push the price to resume the main bearish trend, which targets 500.00 as a first station.
More