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Wheat price rallies upwards – Analysis - 19-07-2023

Economies.com
2023-07-19 04:16AM UTC

Wheat price returned to breach 668.50 level and hold above it, to hint heading to achieve new bullish correction on the intraday basis, paving the way to head towards 723.10 areas initially.

 

Therefore, the bullish bias will be expected for today, supported by the EMA50 that carries the price from below, noting that breaking 668.50 and holding below it will stop the expected rise and push the price to decline again.

 

The expected trading range for today is between 670.00 support and 700.00 resistance.

 

The expected trend for today: Bullish

Sugar price awaits confirmation signal – Analysis - 19-07-2023

Economies.com
2023-07-19 04:16AM UTC

Sugar price continues to fluctuate between the trend keys represented by 23.50 support and 24.30 resistance, to keep our neutrality valid until now, waiting to surpass one of these levels to detect the next targets clearly.

 

The contradiction between the technical indicators provide another reason for neutrality, noting that breaking the mentioned support will put the price under the correctional bearish pressure again, to head towards 22.75 initially, while breaching the resistance will lead the price to achieve new rises and visit 25.25 level as a next positive station.

 

The expected trading range for today is between 23.30 support and 24.30 resistance

 

The expected trend for today: Neutral

Soybean price surpasses the resistance – Analysis - 19-07-2023

Economies.com
2023-07-19 04:15AM UTC

Soybean price breached 1385.00 level clearly and ended yesterday above it, to activate the positive scenario on the intraday and short term basis and head to achieve expected gains in the upcoming sessions, targeting visiting 1430.40 areas as a next main station.

 

Therefore, we are waiting for more expected rise today, noting that holding above 1385.00 represents key condition to achieve the waited targets.

 

The expected trading range for today is between 1385.00 support and 1430.00 resistance.

 

The expected trend for today: Bullish

Corn price achieves clear gains – Analysis - 19-07-2023

Economies.com
2023-07-19 04:15AM UTC

Corn price rallied upwards strongly yesterday to breach 509.50 level and settles above it, starting today with additional rise to surpass 529.60 as appears on the chart, which stops the recently suggested negative scenario and lead the price to start recovery attempts on the intraday basis, targeting testing 569.30 as a first positive station.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 509.50 will stop the expected rise and push the price to decline again.

 

The expected trading range for today is between 530.00 support and 560.00 resistance.

 

The expected trend for today: Bullish