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End of day analysis for Gold 18-12-2019
Gold price shows slight bearish bias in attempt to resume the correctional bearish trend, to keep the bearish trend active on the intraday and short term basis, which targets 1461.00 followed by 1447.00 levels initially, reminding you that it is important to hold below 1489.00 to continue the expected decline.
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End of day analysis for the EURUSD 18-12-2019
The EURUSD pair faces more negative pressure to test the key support 1.1108, and as long as the price is above this level, our bullish overview will remain active for the upcoming period, supported by stochastic move inside the oversold areas, noting that we are waiting to visit 1.1180 followed by 1.1280 levels as next main targets.
MoreMidday update for Wheat price 18-12-2019
Wheat price shows slight negative trades since morning to move around 550.0, but as long as the price is above 540.8, the bullish trend scenario will remain valid for today, supported by the EMA50, reminding you that we are waiting to head towards 573.8 as a next main station.
MoreMidday update for Sugar price 18-12-2019
Sugar price settles below the EMA50, to keep the negative pressure suggested for today, waiting to break 13.25 level to activate the negative effect of the head and shoulders’ pattern that appears on the chart, to support the expectations of achieving more decline and heading towards our negative targets that begin at 13.05 and extend to 12.90, taking into consideration that the continuation of the bearish wave depends on the price stability below 13.53.
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