Crude oil price continues to rise to confirm surpassing 64.20 level and holding above it, as it approaches the key resistance 65.60, to support the chance of achieving more gains and regain the main bullish trend, making the positive scenario dominant unless breaking 64.20 level and holding below it again.
Wheat price shows additional bullish bias to approach testing the key resistance 726.80, and as long as the price is below this level, our bearish overview will remain valid for today, supported by the EMA50, noting that our targets begin at 701.00 and extend to 680.20.
The expected trading range for today is between 690.00 support and 720.00 resistance.
The expected trend for today: Bearish
Sugar price keeps its stability below 17.40, to keep the negative pressure valid for today, waiting to head towards 16.85 followed by 16.40 mainly, noting that breaching 17.40 and holding above it will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 16.80 support and 17.40 resistance
The expected trend for today: Bearish
Soybean price provided additional positive trades to test the key resistance 1561.40 and begins to rebound bearishly from there, which keeps the bearish trend scenario valid and active for today, which depends on the price stability below the mentioned level, noting that our expected targets start at 1525.50 and extend to 1496.50 after breaking the previous level.
The expected trading range for today is between 1500.00 support and 1560.00 resistance.
The expected trend for today: Bearish