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Wheat price is recovering – Analysis - 26-09-2023

Economies.com
2023-09-26 03:40AM UTC

Wheat price bounced upwards clearly after the consolidation of 580.20 level against the recent negative pressure, to head towards recovering on the intraday basis and achieve gains that we expect to start at 610.90 and extend to 632.00 after surpassing the previous level.

 

Therefore, the bullish bias will be expected for the upcoming period unless breaking 580.20 and holding below it.

 

The expected trading range for today is between 590.00 support and 620.00 resistance.

 

The expected trend for today: Bullish

Sugar price breaks the support – Analysis - 26-09-2023

Economies.com
2023-09-26 03:40AM UTC

Sugar price managed to break 26.74 level and hold below it, to confirm the continuation of the correctional bearish trend domination in the upcoming sessions, opening the way to head towards visiting 26.08 level as a next negative station.

 

Therefore, we are waiting for more expected decline on the intraday basis, noting that breaking the targeted level will extend the bearish wave to reach 25.55 areas, while breaching 26.74 will stop the negative scenario and lead the price to regain the main bullish trend again.

 

The expected trading range for today is between 26.00 support and 26.80 resistance

 

The expected trend for today: Bearish

Soybean price breaches the resistance – Analysis - 26-09-2023

Economies.com
2023-09-26 03:40AM UTC

Soybean price opened today’s trading with clear positivity to breach 1311.70 and settles above it, which leads the price to build expected bullish wave on the intraday basis, on its way to visit 1330.50 followed by 1348.30 levels mainly.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions, noting that breaking 1311.70 and holding below it will bring the price back to the bearish track again.

 

The expected trading range for today is between 1300.00 support and 1345.00 resistance.

 

The expected trend for today: Bullish

Corn price surpasses the intraday resistance – Analysis - 26-09-2023

Economies.com
2023-09-26 03:40AM UTC

Corn price surpassed the resistance line that appears on the chart and settles above it, to head towards achieving expected gains on the intraday basis, targeting visiting 497.00 followed by 509.50 levels as main positive stations.

 

Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 480.60 and holding below it.

 

The expected trading range for today is between 480.00 support and 495.00 resistance.

 

The expected trend for today: Bullish