Gold price resumed its negative trading clearly to approach our waited target at 1447.00, to keep the bearish trend active for the upcoming period, reminding you that surpassing the mentioned level will extend the bearish wave to reach 1413.10, while the expected decline will remain valid unless breaching 1489.00 and holding above it.

The EURUSD pair faced negative pressure affected by the US positive data, to attack 1.1065 and moves below it now, which urges caution from the upcoming trading, as holding below this level will push the price for more decline and target 1.0995 followed by 1.0950 levels, while stepping above will lead the price to rise again and head towards 1.1180 mainly.

Wheat price shows slight bearish bias now, noticing that stochastic provides negative overlapping signal to support the chances of continuing the bearish bias for the rest of the day, and the way is open to achieve our next main target at 511.20, reminding you that the continuation of the bearish wave depends on the price stability below 533.85.

The expected trading range for today is between 511.00 support and 530.00 resistance.

The expected trend for today: Bearish

Sugar price resumes its positive trading to move away from the intraday bullish channel’s support line, reinforcing the expectations of continuing the bullish trend in the upcoming period, which its next target located at 13.30, noting that the EMA50 supports the suggested bullish wave, which its continuation conditions holding above 12.99.

The expected trading range for today is between 12.95 support and 13.30 resistance

The expected trend for today: Bullish