Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Wheat price is recovering – Analysis - 12-05-2021

Economies.com
2021-05-12 00:04AM UTC

Wheat price rallied upwards to surpass 733.50 level and settles above it, to activate the positive scenario and heads towards achieving more expected gains in the upcoming period, noting that our first main target is located at 758.00.

 

Therefore, the bullish bias will be suggested for today unless breaking 726.80 and holding with  a daily close below it.

 

The expected trading range for today is between 720.00 support and 770.00 resistance.

The expected trend for today: Bullish

Sugar price hits the first target – Analysis - 12-05-2021

Economies.com
2021-05-12 00:04AM UTC

Sugar price succeeded to achieve our first waited target at 18.00 and settles above it, to support the chances of continuing the main bullish trend, which its next targets extend to reach 18.87.

 

The EMA50 keeps supporting the suggested bullish wave, noting that it is important to hold above 17.40 to achieve the waited targets.

 

The expected trading range for today is between 17.90 support and 18.50 resistance

 

The expected trend for today: Bullish

Soybean price surpasses the recent top – Analysis - 12-05-2021

Economies.com
2021-05-12 00:04AM UTC

Soybean price rallied upwards to surpass the recently recorded top at 1573.30 and settles above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards our next main target at 1600.00.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1545.00.

 

The expected trading range for today is between 1560.00 support and 1600.00 resistance.

 

The expected trend for today: Bullish

Corn price keeps its positive stability – Analysis - 12-05-2021

Economies.com
2021-05-12 00:04AM UTC

Corn price kept its stability above the bullish channel’s support line, to keep the bullish trend scenario valid and active for the upcoming period, which targets 730.00 as a next main station.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 700.00 and 690.00 levels.

 

The expected trading range for today is between 690.00 support and 720.00 resistance.

The expected trend for today: Bullish