Crude oil price rallied upwards strongly to approach 60.00$ barrier, which supports the continuation of our bullish overview efficiently in the upcoming period, reminding you that our waited target reaches 60.90, while the positive scenario will remain valid unless breaking 57.40 and holding below it.

Gold price resumed its negative trading clearly to approach our waited target at 1447.00, to keep the bearish trend active for the upcoming period, reminding you that surpassing the mentioned level will extend the bearish wave to reach 1413.10, while the expected decline will remain valid unless breaching 1489.00 and holding above it.

The EURUSD pair faced negative pressure affected by the US positive data, to attack 1.1065 and moves below it now, which urges caution from the upcoming trading, as holding below this level will push the price for more decline and target 1.0995 followed by 1.0950 levels, while stepping above will lead the price to rise again and head towards 1.1180 mainly.

Wheat price shows slight bearish bias now, noticing that stochastic provides negative overlapping signal to support the chances of continuing the bearish bias for the rest of the day, and the way is open to achieve our next main target at 511.20, reminding you that the continuation of the bearish wave depends on the price stability below 533.85.

The expected trading range for today is between 511.00 support and 530.00 resistance.

The expected trend for today: Bearish