Despite the frequent stability of natural gas price within the bearish channel, lacking the negative momentum interprets the reasons of the recent sideways fluctuation and consolidating near 6.600 without recording any new negative target.

We remind you that it is important to hold below 6.850 resistance, waiting to gather the negative momentum again, to ease the mission of achieving the negative targets near 6.200 and 5.850 levels.

The expected trading range for today is between 6.720 and 6.200

The expected trend for today: Bearish

The CADJPY resisted stochastic negativity by providing frequent positive closings above 105.10 support line, to decrease the chances of suffering additional losses and notice sideways fluctuations near 105.85.

The continuous stability of the mentioned support will assist to activate the bullish track for the near term and medium term period, to expect starting to target some positive stations by rallying towards 106.65 followed by reaching 107.20, while surrendering to the negative pressures and crawling below the current support will force threat for the positive stability, to expect suffering clear losses by crawling towards 104.25 initially.

The expected trading range for today is between 105.25 and 106.65

The expected trend for today: Bullish

Wheat price bounced downwards strongly after failing to breach 947.50, to reach 898.80 support line now, and it might continue declining to test the bullish channel’s support line that appears on the chart, noticing that stochastic shows positive signals that might push the price to attempt to recover again.

Now, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 898.80 followed by 891.20 levels will press on the price to suffer more losses and achieve bearish correction that its next target reaches 868.70, while breaching 915.00 resistance will lead the price to resume the bullish wave that its targets begin by visiting 947.50 level again.

The expected trading range for today is between 870.00 support and 935.00 resistance.

The expected trend for today: Neutral

Sugar price attempted to break 18.40 level but it ended yesterday above it, to keep the bullish trend scenario active, and the price needs to breach 18.70 to confirm rallying towards 19.00 as a next positive station.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 18.40 and the most important above 18.13.

The expected trading range for today is between 18.40 support and 19.00 resistance

The expected trend for today: Bullish