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Wheat price touches the target – Analysis - 13-09-2023
Wheat price succeeded to touch our waited target at 580.20 and found solid support there, to show some temporary bullish bias, noticing that stochastic lost its positive momentum to show clear overbought signals, waiting to motivate the price to resume the negative trades to surpass the mentioned level and open the way to head towards the next negative targe tat 560.00.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless breaching 608.00 and holding above it.
The expected trading range for today is between 570.00 support and 600.00 resistance.
The expected trend for today: Bearish
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Sugar price resumes the bullish rally – Analysis - 13-09-2023
Sugar price ended yesterday with strong positivity, to breach 26.80 and close the daily candlestick above it, reinforcing the expectations of continuing the domination of the bullish trend on the intraday and short-term basis, on its way to visit 27.50 that represents our next target, noting that breaching it will push the price to 28.00 as a next positive station.
MoreSoybean price hits the target – Analysis - 13-09-2023
Soybean price managed to achieve our waited target at 1348.30 and settles near it, and we suggest surpassing this level to achieve additional negative targets that extend to reach 1311.70 areas on the near-term basis.
MoreCorn price completes the negative pattern – Analysis - 13-09-2023
Corn price begins to break the symmetrical triangle’s support line that appears on the chart, reinforcing the expectations to continue the bearish trend in the upcoming sessions, paving the way to head towards our main expected target at 435.60.
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