Crude oil price rallied upwards sharply to breach 48.45 level followed by 49.40 and settles above it, which reactivates the main bullish trend scenario and stops today’s suggested bearish correction, paving the way to head towards 51.70 areas as a next main target, noting that the expected rise will remain valid unless breaking 48.45 and holding below it.

The EURUSD pair starts new attempts to breach 1.2300 level, reinforcing the expectations of continuing the bullish trend, paving the way to extend the bullish wave that its next target located at 1.2440, reminding you that it is important to hold above 1.2210 to continue the expected rise.

Wheat price shows positive trades now to move away from the key support 636.60, which keeps the bullish trend scenario valid for today, which depends on the price stability above the mentioned level, noting that our next target reaches 655.00.

The expected trading range for today is between 630.00 support and 655.00 resistance.

The expected trend for today: Bullish

Sugar price provides new positive trades to move above 15.27, reinforcing the expectations of continuing the bullish trend on the short term and medium term basis, which its next target located at 15.42, while holding above 14.75 represents key condition to continue the suggested bullish wave.

The expected trading range for today is between 15.00 support and 15.40 resistance

The expected trend for today: Bullish