Gold price managed to breach 1575.90 and settles above it, reinforcing the expectations of continuing the bullish trend in the upcoming period, and the way is open to head towards our next main target that reaches 1611.20, noting that holding above 1575.90 represents initial condition to continue the expected rise.

Wheat price fluctuates within tight track since morning around 545.00 level, while stochastic begins to lose the positive momentum gradually, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin at 536.80 and extend to 530.00 followed by 520.30, while holding below 557.30 represents key condition to continue the expected decline.

The expected trading range for today is between 536.80 support and 550.00 resistance.

The expected trend for today: Bearish

Sugar price tested the bullish channel’s support line and still above it until now, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 15.00 followed by 15.60 levels mainly, noting that breaking 14.65 will stop the expected rise and press on the price to achieve bearish correction on the intraday and short term basis.

The expected trading range for today is between 14.65 support and 15.10 resistance

The expected trend for today: Overall Bullish

Soybean price settles around 900.00 barrier since morning, and as long as the price is below 904.80, our bearish overview will remain valid, reminding you that our main targets begin by breaking 893.90 to confirm the continuation of the decline towards 876.30 followed by 870.00 mainly.

The expected trading range for today is between 893.00 support and 904.00 resistance.

The expected trend for today: Bearish