Wheat price shows new negative trades to press on the triangle’s support line that confines the recent trades, falling under negative pressure formed by the EMA50 against the intraday trades, while stochastic approaches to overlap negatively

Therefore, these factors encourage us to suggest the bearish bias for today, and the negative targets begin at 580.00, noting that breaching 605.00 will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 585.00 support and 605.00 resistance.

The expected trend for today: Bearish

Sugar price continues to press on the key support 22.60, noticing that the price forms triple top pattern that its signs appear on the chart, which means that breaking 22.70-22.60 levels will push the price to turn to decline, but we notice that the technical indicators provide positive signals to protect the price from suffering more losses.

The contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, noting that breaking 22.60 will push the price to decline towards 21.35 areas on the near-term basis, while breaching 23.20 will cancel the suggested negative formation and lead the price to recover to achieve positive targets that start by testing 23.80.

The expected trading range for today is between 22.40 support and 23.40 resistance

The expected trend for today: Neutral

Soybean price opens today’s trading negatively to move away from the bearish channel’s resistance line that appears on the chart, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and we believe that the way is open to achieve our main waited target at 1171.50.

The EMA50 protects trading inside the mentioned channel, noting that breaching 1206.50 will stop the expected decline and lead the price to start bullish correction on the intraday basis.

The expected trading range for today is between 1175.00 support and 1205.00 resistance.

The expected trend for today: Bearish

Corn price traded with clear negativity yesterday to approach the waited target at 442.90, and the way seems open to surpass this level and open the way to achieve additional negative targets that reach 435.00 followed by 425.00 areas.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 455.00 and hold above it.

The expected trading range for today is between 435.00 support and 450.00 resistance.

The expected trend for today: Bearish