Crude oil price rallied upwards strongly to breach 57.40 and settles above it now, which urges caution form the upcoming trading, as closing the daily candlestick above this level will stop the morning suggested negative scenario and push the price to achieve new gains that begin at 58.90 and extend to 60.90.

Gold price did not show strong move today, to remain stable belwo the bearish channel’s resistance, thus, the bearish trend scenario will remain valid for the upcoming period, which depends on the price stability below 1474.00, while our first target is located at 1447.00.

The EURUSD pair traded with clear positivity to approach 1.1065 level, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, reminding you that our waited targets begin at 1.0995 followed by 1.0950, while breaching 1.1065 represents initial key to turn towards rising on the intraday and short term basis.

Wheat price shows slight bearish bias in attempt to crawl gradually towards our first waited target at 501.77, thus, our bearish trend expectations will remain valid and active for today, supported by the negative pressure formed by the EMA50, while its continuation conditions holding below 514.00.

The expected trading range for today is between 500.00 support and 514.00 resistance.

The expected trend for today: Bearish