Gold price trades with a strong negativity to break 1635.20 level then to achieve the expected negative target at 1601.20, and surpassing it will make the price break the intraday bullish channel’s support and sttles below it, in its way to achieve more of the downside moves in the upcoming period, targeting visiting 1547.50 as a next main station, pointing that breaching 1601.20 will lead the price to regain the main bullish trend. 

The EURUSD pair bounced bearishly after approaching 1.1063 level, to test the key support 1.0954 and keeps its stability above it, to keep the positive scenario active for the upcoming period, which its targets extend to 1.1130 after surpassing the previous level, noting that breaking 1.0954 will press on the price to achieve more decline and return to the main bearish track.

Wheat price touched our waited target at 520.30 and settles there, and we suggest the continuation of the negative pressure to break this level and extend the correctional bearish wave to reach 503.70 as a next negative target.

In general, the bearish trend scenario will remain valid and active for the upcoming period unless the price rallied to breach 536.80 and hold above it.

The expected trading range for today is between 510.00 support and 530.00 resistance.

The expected trend for today: Bearish

Sugar price managed to achieve our waited target at 13.88 and presses negatively on it in attempt to break it, to support the expectations of extending the correctional bearish wave, which its next target located at 13.44, noting that the EMA50 supports the continuation of the expected decline, which will remain valid conditions by holding below 14.43 and 14.57 levels.

The expected trading range for today is between 13.88 support and 14.43 resistance

The expected trend for today: Bearish