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Wheat price suffers sharp losses – Analysis - 12-03-2020
Wheat price confirmed breaking 520.30 level and declined strongly yesterday, starting today with more decline to touch 503.70 level, hinting the price head to achieve more decline in the upcoming sessions, noting that surpassing the last level will push the price to 483.20 as a next main station.
Therefore, we suggest the continuation of the decline today, taking into consideration that failing to break 503.70 will push the price to achieve intraday gains that target testing 520.30 initially.
The expected trading range for today is between 490.00 support and 515.00 resistance.
The expected trend for today: Bearish
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Sugar price resumes the decline – Analysis - 12-03-2020
12.44 level could not hold against the continuous negative pressure formed by Sugar price, to break this level and settles below it, which presses on the price to resume the bearish trend on the short term basis, paving the way to head towards 11.55 as a next main station.
MoreSoybean price under the negative pressure – Analysis - 12-03-2020
Soybean price ended yesterday below 876.30 level, and opened today with strong decline to confirm resuming the main bearish track, on its way to achieve negative targets that reach 847.00.
MoreCorn price breaks the support – Analysis - 12-03-2020
Corn Price broke 373.80 level strongly and settled below it, to turn the intraday track to decline, and the way is open to visit 366.00 as a first negative target.
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