Crude oil price showed strong mixed trades to fluctuate 40.58 and 39.90 levels, and the price still inside the sideways scenario valid until the price manages to breach one of the mentioned levels followed by detecting its next destination clearly.
Gold price traded with strong positivity to attack the key resistance 1877.00 and attempts to hold above it, to hint the price head to achieve expected gains on the intraday basis, noting that the price needs to get a daily close above 1877.00 to continue rising towards 1901.00 as a next positive target, while on the other hand, bouncing bearishly and breaking 1860.90 will put the price uner negative pressure that targets 1794.85 on the near term basis.
The EURUSD pair provided positive trades to test 1680.00, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.1540 as a next main station, reminding you that the continuation of the expected decline requires holding below 1.1720.
Wheat price trades negatively now to move away from the broken support of the bullish channel, reinforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our main waited target is located at 536.80, taking into consideration that breaching 548.50 will push the price to test 557.30 areas before any new attempt to decline.
The expected trading range for today is between 536.00 support and 553.00 resistance.
The expected trend for today: Bearish