Wheat price resumed its negative trading to move away from 668.50 level, to support the continuation of the expected bearish trend on the intraday and short term basis, supported by the negative pressure formed by the EMA50, reminding you that our first target is located at 630.00.

Holding below 668.50 is required to guarantee the continuation of the suggested bearish wave, as breaching it will push the price to return to the correctional bullish track again, to head towards visiting 723.10 level on the near term basis.

The expected trading range for today is between 635.00 support and 665.00 resistance.

The expected trend for today: Bearish

Sugar price shows calm bearish bias to move away from 23.50 level mainly, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our first waited target at 22.75.

The technical indicators provide clear negative signals to support the expected decline, reminding you that it is important to hold below 23.50 to achieve the waited targets, as breaching this level will push the price to visit 24.30 direct before any new negative attempt.

The expected trading range for today is between 22.75 support and 23.50 resistance

The expected trend for today: Bearish

Soybean price broke 1348.30 level clearly and closed the daily candlestick below it, to activate the negative scenario and head towards achieving negative targets that start by testing 1311.70 level, noting that breaking this level will extend the bearish wave to reach 1288.00 followed by 1266.30 areas.

Holding below 1348.30 is important to continue the expected decline, as breaching it will push the price to achieve intraday gains and visit 1385.00 mainly.

The expected trading range for today is between 1300.00 support and 1350.00 resistance.

The expected trend for today: Bearish

Corn price shows some bullish bias to approach testing the first key resistance 509.50, affected by stochastic positivity, waiting to resume the negative trades affected by the inverted head and shoulders’ pattern that appears on the chart, reminding you that our next main target is located at 467.00.

The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 509.50 and 529.50 levels.

The expected trading range for today is between 470.00 support and 510.00 resistance.

The expected trend for today: Bearish