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Wheat price within sideways track – Analysis - 17-08-2022
Wheat price shows sideways trades that put the price out of the intraday bullish channel, noticing that stochastic shows clear positive signals now, waiting to motivate the price to return to rise again, reminding you that our waited targets begin at 850.00 and extend to 885.00.
Therefore, we will keep our bullish overview unless breaking 800.00 and holding it.
The expected trading range for today is between 790.00 support and 840.00 resistance.
The expected trend for today: Bullish
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Sugar price under the negative pressure – Analysis - 17-08-2022
Sugar price ended yesterday’s trading with clear negativity to approach 18.13 level, which urges caution from the upcoming trading, as the price needs to consolidate above this level to keep the bullish trend active, which its next targets located at 18.70 followed by 19.00.
MoreSoybean price exits the bullish channel – Analysis - 17-08-2022
Soybean price provided additional negative trades yesterday to break 1402.10 level and settles below it, which puts the price under expected negative pressure in the upcoming period, on its way to achieve negative targets that start at 1360.00 and extend to 1318.20.
MoreCorn price breaks the support – Analysis - 17-08-2022
Corn price faced negative pressure in the previous sessions to break 622.40 level and settles below it, to stop the recently suggested positive scenario and heads to achieve expected decline on the intraday basis, targeting visiting 590.00 followed by 575.00 levels mainly.
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