Crude oil price bounced downwards clearly after the decline that it witnessed today, to approach the broken support of the bullish channel that appears on the chart, which urges caution from the upcoming trading, as continuing the rise and breaching 33.65 will push the back to the bullish channel and achieve positive targets that reach 36.00, whilc consolidating below the support will press on the price to visit 28.80 as a main negative target.

Gold price still stuck between the trend confirmation levels represented by 1725.90 support and 1743.00 resistance, thus, we will continue with our neutrality until confirming breaching one of these levels, reminding you that breaking the support will put the price under negative pressure that targets 1691.10 level mainly, while breaching the resistance will reactivate the main bullish trend scenario that its next main target located at 1810.00.

The EURUSD pair continues to decline to surpass the EMA50 and settles below it, reinforcing the expectations of continuing the bearish trend in the upcoming period, and the way is open to achieve our main waited target at 1.0840, reminding you that it is important to hold below 1.0966 to continue the suggested decline.

Wheat price trades with clear negativity to approach our waited target at 503.70, to keep the bearish trend active for today, noting that breaking the mentioned level will extend the bearish wave to reach 483.20 on the near term basis, while the expected decline will remain valid unless the price rallied to breach 520.30 and hold above it.

The expected trading range for today is between 500.00 support and 525.00 resistance.

The expected trend for today: Bearish