Gold price succeeded to touch our waited target at 1575.90 and settles there, waiting for more rise to breach this level and open the way to head towards 1611.20 as a next station, to keep our bullish overview that gets positive support by the EMA50, which will remain valid unless breaking 1554.10 level and holding below it.
Wheat price continues to fluctuate near the bullish channel’s support line, and the price gets continuous positive support by the EMA50, thus, our bullish overview will remain valid as long as 570.00 level remains intact, noting that we are waiting to rally towards 596.00 level as a next main target.
The expected trading range for today is between 570.00 support and 590.00 resistance.
The expected trend for today: Bullish
Sugar price provides calm positive trading that hints the price head to resume the expected bullish trend for today, supported by stochastic reach to the oversold areas, waiting to target 15.00 level as a next main station, while holding above 14.14 represents key condition to continue the expected rise.
The expected trading range for today is between 14.35 support and 14.75 resistance
The expected trend for today: Bullish
Soybean price continues to fluctuate between 908.10 and 918.20 levels, thus, our neutrality will remain valid until now, waiting to breach one of these levels to detect its next destination clearly, while the details of the expected targets explained in our morning report.
The expected trading range for today is between 905.00 support and 920.00 resistance.
The expected trend for today: Depends on the above mentioned levels