End of day analysis for Gold 23-01-2020
Gold price resumed its positive trading to move away from 1554.10, reinforcing the expectations of the bullish trend that depends on the price stability above the mentioned level, reminding you that we are waiting to visit 1575.90 level as a first main target.
End of day analysis for the EURUSD 23-01-2020
The EURUSD pair broke the bullish channel’s support line and settles below it, to hint the price head to achieve more decline in the upcoming period and stop the recently suggested positive scenario, on its way to visit 1.0985 level as a next negative station, noting that holding below 1.1075 will keep the expected negative pressure valid.
Midday update for Wheat price 23-01-2020
Wheat price resumes its positive trading now, supported by the positive signal provided by stochastic, to keep the bullish trend scenario valid on the intraday and short term basis, which conditions holding above 569.0 level, reminding you that our next main target is located at 596.0.
The expected trading range for today is between 570.0 support and 590.0 resistance.
The expected trend for today: Bullish
Midday update for Sugar price 23-01-2020
Sugar price shows slight bullish bias to resume the expected bullish track for today, to keep our bullish overview in the upcoming sessions, which targets 15.00 as a next main station, noting that the continuation of the bullish wave conditions holding above 14.14.
The expected trading range for today is between 14.40 support and 14.75 resistance
The expected trend for today: Bullish