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Wheat price leans on the moving average – Analysis - 06-10-2021
Wheat price tests the EMA50 that forms good support against the price, while stochastic provides positive overlapping signals now, waiting to motivate the price to return to rise again, as our next main target is located at 782.20.
Therefore, the bullish trend scenario will remain active for the upcoming period unless breaking 741.90 and holding below it.
The expected trading range for today is between 740.00 support and 770.00 resistance.
The expected trend for today: Bullish
Sugar price awaits confirmation signal – Analysis - 06-10-2021
Sugar price continues to fluctuate within the symmetrical triangle that appears on the chart, thus, our neutrality will remain valid, waiting to break one of this pattern’s lines represented by 19.55 support and 20.00 resistance to detect the next destination clearly.
MoreSugar price awaits confirmation signal – Analysis - 06-10-2021
Sugar price continues to fluctuate within the symmetrical triangle that appears on the chart, thus, our neutrality will remain valid, waiting to break one of this pattern’s lines represented by 19.55 support and 20.00 resistance to detect the next destination clearly.
MoreSoybean price loses momentum – Analysis - 06-10-2021
Soybean price provided positive trades to test the key resistance 1262.00, accompanied by stochastic loss to the positive momentum and reach to the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which depends on the price stability below the mentioned resistance, reminding you that our expected targets begin at 1225.90 and extend to 1195.00 after breaking the previous level.
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