Crude oil price resumes its positive trading after testing 40.00 level in the previous sessions, to keep the bullish trend scenario active in the upcoming sessions, which its targets begin by surpassing 41.30 to open the way to head towards 43.05, reminding you that it is important to hold above 40.00 to achieve the suggested targets.
Gold price presses on 1901.80 level in attempt to break it, which urges caution from the upcoming trading, as breaking this level will stop the positive scenario suggested in our major reports and press on the price to decline again, to open the way to achieve negative targets that start at 1880.00 and extend to 1860.90.
The EURUSD pair attempted to breach 1.1720 level but it returns to attempt to trade below it again, which keeps our bearish overview valid for the upcoming period, which depends on the price stability below the mentioned level and below 1.1750, while its next main target located at 1.1540.
Wheat price shows sideways trading since morning, settling near 620.00 level, and as long as the price is above 608.50, our bullish overview will remain valid for today, supported by the EMA50, reminding you that we are waiting to visit 625.50 level as a next main target.
The expected trading range for today is between 610.00 support and 625.50 resistance.
The expected trend for today: Bullish