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Wheat price resumes rising – Analysis - 18-12-2019
Wheat price provided new positive trades to move away from 545.0 level, reinforcing the expectations of continuing the expected bullish trend for the upcoming period, which its next main target located at 573.8.
The EMA50 and stochastic support the expected rise, which will remain valid and active unless breaking 540.8 level and holding below it.
The expected trading range for today is between 540.0 support and 565.0 resistance.
The expected trend for today: Bullish
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Sugar price draws another negative pattern – Analysis - 18-12-2019
Sugar price provided new negative trades yesterday, noticing that the price draws new head and shoulders’ pattern that its confirmation line located at 13.25, which threats the bullish channel’s support line that appears on the chart, as the full target of the mentioned pattern located at 12.90.
MoreSoybean price hits the target – Analysis - 18-12-2019
Soybean price succeeded to touch our first waited target at 937.6 and attempted to breach it, which hints the price head to achieve more gains in the upcoming period, as we notice that stochastic gains the positive momentum now, waiting to breach the mentioned level to confirm rallying towards 957.0 as a next main target.
MoreCorn price crawls towards the target – Analysis - 18-12-2019
Corn Price resumed its positive trading to move above 390.0 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which targets testing 394.1 level as a next station, noting that breaching this level will extend the bullish wave to reach the recently recorded top at 406.6.
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