Crude oil price trades with clear positivity to breach 40.50 level and settles above it, which hints the price to head to recover in the upcoming period, noting that closing the daily candlestick below this level will push the price to 42.25 initially, while trading below it will press on the price to resume the bearish trend that its first target located at 38.50.
Gold price provided temporary negative trades but it returns to attempt to rise now, and the price still confined between the trend keys represented by 1937.20 support and 1981.20 resistance, to keep our neutrality valid until breaching one of these levels, reminding you that breaking the mentioned support will push the price to 1910.00 initially, while breaching the resistance will motivate the price to achieve new gains that start at 2000.00 and extend to 2068.00.
The EURUSD pair faced negative pressure to attack 1.1737 level strongly, but we notice that the EMA50 forms good support to push the price to step above the mentioned level, which keeps the bullish trend scenario active for the upcoming period, which its next targets located at 1.1908 followed by 1.1995 levels, while holding above 1.1737 represents key condition to achieve these targets.
Wheat price shows new negative trades to move away from the EMA50, reinforcing the expectations of continuing the bearish trend for today, which targets 520.20 level as a first station, reminding you that breaking this level will push the price to 503.70 as a next negative target, while the expected decline will remain valid unless breaching 536.80 and holding above it.
The expected trading range for today is between 520.00 support and 536.80 resistance.
The expected trend for today: Bearish