Gold price resumes its positive trading to head towards our first waited target at 1967.90, waiting for more rise in the upcoming sessions, which its targets extend to 2008.80 after surpassing the previous level, reminding you that it is important to hold above 1934.86 to continue the expected rise.
The EURUSD pair continues to fluctuate near the intraday bearish channel’s resistance line, and as long as the price is below 1.1870 and 1.1910 levels, our bearish overview will remain valid for the upcoming period, supported by stochastic negativity, reminding you that our next main target is located at 1.1720.
Wheat price shows some bearish bias to approach testing 557.30 level that forms support base after breaching it previously, affected by stochastic negativity, and as long as the price is above this level, our bullish overview will remain valid for today, waiting to resume the bullish bias that targets 590.50 areas on the near term basis.
The expected trading range for today is between 555.00 support and 575.00 resistance.
The expected trend for today: Bullish
Sugar price tested 13.15 level that forms solid resistance against the price’s positive attempts, waiting to get positive motive that assists to confirm the breach and continue the rise on the intraday basis, as our next positive target is located at 13.73.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 12.86 level and holding below it.
The expected trading range for today is between 12.80 support and 13.50 resistance
The expected trend for today: Bullish