Gold price succeeded to achieve our waited negative target at 1770.00 and broke this level strongly to settle below it, opening the way to continue the decline towards the next negative target at 1735.00, noting that the continuation of the bearish wave requires holding below 1770.00.

The EURUSD pair closed the last four hours’ candlestick below 1.1780 level, which supports the continuation of the expected bearish trend for the upcoming period, and the way is open to visit 1.1700 mainly, noting that it is important to hold below 1.1780 as a first condition to continue the suggested decline.

Wheat price retested the breached resistance of the bearish channel and keeps its stability above it until now, accompanied by stochastic approach to the oversold areas, waiting to motivate the price to resume the bullish trend that depends on the price stability above 711.00, while its next main target is located at 741.90.

The expected trading range for today is between 705.00 support and 725.00 resistance.

The expected trend for today: Bullish

Sugar price settles above 20.00$ barrier, to keep the positive scenario active for today, supported by moving above the EMA50, waiting for more rise that targets 20.60 followed by 21.00 levels as next main stations, reminding you that it is important to hold above 19.72 to achieve the suggested targets.

The expected trading range for today is between 19.90 support and 20.60 resistance

The expected trend for today: Bullish