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Wheat price tests the resistance – Analysis - 01-06-2021

Economies.com
2021-06-01 03:11AM UTC

Wheat price opened today’s trading with a strong positivity to test the critical resistance at 680.20, noticing that the price remains below this level, which keeps the bearish trend scenario active in the upcoming period, targeting 659.40 then 633.60 mainly.

 

Note that breaching 680.20 will push the price to achieve gains that begin at 701.00.

 

The expected trading range for today is between 660.00 support and 690.00 resistance.

The expected trend for today: Bearish

Sugar price attacks the resistance – Analysis - 01-06-2021

Economies.com
2021-06-01 03:11AM UTC

Sugar price traded with strong positivity to attack 17.40 level, but it ended the last sessions below this level, which keeps the bearish trend scenario active in the upcoming period, supported by stochastic negativity, waiting for heading to 16.85 then 16.45 as main targets.

 

You should be aware that confirming breaching 17.40 will stop the suggested decline and pushes the price to regain the main bullish trend.

 

The expected trading range for today is between 16.80 support and 17.50 resistance

 

The expected trend for today: Bearish

 

 

The USDCAD declines calmly – Analysis - 01-06-2021

Economies.com
2021-06-01 03:10AM UTC

The USDCAD pair shows calm negative trading to move away gradually from the EMA50, which supports the continuation of our bearish trend expectations, which target 1.2013 then 1.1900 levels on the near-term basis, reminding you that the continuation of the bearish wave requires holding below 1.2090 level.

 

The expected trading range for today is between 1.2000 support and 1.2120 resistance.

The expected trend for today: Bearish

 

Corn price faces negative pressure – Analysis - 01-06-2021

Economies.com
2021-06-01 03:09AM UTC

Corn price faced negative pressure to break 624.80 level and settles below it, but it recovers now and attempts to breach it again, where it gets a positive overlapping signal by stochastic, waiting for motivating the price to provide more of the positive trading that targets 648.10 level as a next main station.

 

You should be aware that the failure to step above 624.80 will stop the positive scenario and puts the price under more of the negative pressure.

 

The expected trading range for today is between 615.00 support and 630.00 resistance.

The expected trend for today: Bullish