Wheat price succeeded to breach 717.00 level and settled above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards 741.90 that represents our next main target.
Therefore, we will continue to suggest the bullish trend that gets good support by the EMA50 conditioned by the price stability above 717.00.
The expected trading range for today is between 710.00 support and 735.00 resistance.
The expected trend for today: Bullish
Sugar price trades positively to gradually head towards our first waited target at 20.60, to keep the bullish trend valid and active for the upcoming period, noting that breaching the mentioned level will extend the bullish wave to reach 21.25 as a next main station.
Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 19.72 and holding below it.
The expected trading range for today is between 19.95 support and 20.60 resistance
The expected trend for today: Bullish
Soybean price fluctuates with slight positivity to move above the bearish trend line, but as long as the price is below 1318.80, the bearish trend scenario will remain valid and active on the intraday and short term basis, motivated by stochastic negativity, waiting to head towards 1225.90 that represents our next main target.
The expected trading range for today is between 1265.00 support and 1300.00 resistance.
The expected trend for today: Bearish
Corn price provided calm positive trades yesterday to move above the bearish channel’s resistance, but the price still below 534.00, accompanied by witnessing continuous negative signals by stochastic, to keep our bearish overview that targets 504.00 followed by 480.00 levels mainly.
Note that breaching 534.00 and holding above it will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 515.00 support and 534.00 resistance.
The expected trend for today: Bearish