Crude oil price provided more decline to succeed reaching our waited target at 54.60, and need to monitor the price behavior at thisl level, as the continuation of the negative pressure will extend oil price losses to reach 51.80 on the near term basis, while holding against the current negative pressure will push the price to rebound bullishly and start recovery attempts on the intraday basis.

Gold price resumed its positive trading to move away from 1554.10, reinforcing the expectations of the bullish trend that depends on the price stability above the mentioned level, reminding you that we are waiting to visit 1575.90 level as a first main target.

The EURUSD pair broke the bullish channel’s support line and settles below it, to hint the price head to achieve more decline in the upcoming period and stop the recently suggested positive scenario, on its way to visit 1.0985 level as a next negative station, noting that holding below 1.1075 will keep the expected negative pressure valid.

Wheat price resumes its positive trading now, supported by the positive signal provided by stochastic, to keep the bullish trend scenario valid on the intraday and short term basis, which conditions holding above 569.0 level, reminding you that our next main target is located at 596.0.

The expected trading range for today is between 570.0 support and 590.0 resistance.

The expected trend for today: Bullish