Gold price did not show strong move today, to remain stable belwo the bearish channel’s resistance, thus, the bearish trend scenario will remain valid for the upcoming period, which depends on the price stability below 1474.00, while our first target is located at 1447.00.

The EURUSD pair traded with clear positivity to approach 1.1065 level, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, reminding you that our waited targets begin at 1.0995 followed by 1.0950, while breaching 1.1065 represents initial key to turn towards rising on the intraday and short term basis.

Wheat price shows slight bearish bias in attempt to crawl gradually towards our first waited target at 501.77, thus, our bearish trend expectations will remain valid and active for today, supported by the negative pressure formed by the EMA50, while its continuation conditions holding below 514.00.

The expected trading range for today is between 500.00 support and 514.00 resistance.

The expected trend for today: Bearish

Sugar price managed to break 12.76 level to start activating the negative effect of the double top pattern mentioned this morning, which supports the continuation of our bearish overview efficiently in the upcoming sessions, waiting to achieve our negative targets that begin at 12.57 followed by 12.47, while holding below 12.90 represents key condition to continue the expected decline.

The expected trading range for today is between 12.57 support and 12.90 resistance

The expected trend for today: Bearish