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Wheat price keeps its positive stability – Analysis - 17-08-2021
Wheat price continues to fluctuate near 768.00 level, keeping its stability above it, to keep the bullish trend scenario valid and active for the upcoming period, which targets 790.00 followed by 800.00 levels mainly.
The EMA50 continues to support the expected bullish wave, noting that breaking 768.00 might force the price to visit 745.00 areas before any new attempt to rise.
The expected trading range for today is between 760.00 support and 790.00 resistance.
The expected trend for today: Bullish
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Sugar price approaches the second target – Analysis - 17-08-2021
Sugar price provided additional positive trades to approach our second waited target at 20.50, noticing that the price finds solid resistance there, which urges caution from the upcoming trading, as failing to surpass this level will force the price to rebound bearishly and test 20.00 initially, which breaking it represents the key to start bearish correction that its first main target reaches 19.00.
MoreSoybean price touches the first target – Analysis - 17-08-2021
Soybean price shows new positive trades by today’s open to touch our first waited target at 1380.00, waiting for more rise to surpass this level and head towards 1414.00 that represents our next target.
MoreCorn price faces solid resistance – Analysis - 17-08-2021
Corn price continues the attempts to breach 571.50 level, finding solid resistance there, noticing that stochastic begins to provide positive signals now, waiting to motivate the price to breach the mentioned level followed by opening the way to achieve our positive targets that start at 584.10 and extend to 599.70.
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