McDonald's stock fell after the resistance of 195.46 held on, representing the ratio 50% of Fibonacci levels, amid pressure from the 50-day SMA, marking a minute 0.2% loss in the last session.
Therefore we expect more losses, targeting the next support at 189.16, representing 61.8% of Fibonacci levels.
Expected trend for today: Bearish
Wheat price provided more negative trades to break 501.77 level and settles below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets 491.86 level mainly, noting that holding below 501.77 represents initial condition to continue the suggested decline, as breaching it will push the price to test 514.00 areas before any new attempt to decline.
The expected trading range for today is between 490.00 support and 505.00 resistance.
The expected trend for today: Bearish
Sugar price managed to break 12.70 and hold below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, and the way is open to achieve our waited targets that begin at 12.57 and extend to 12.47, reminding you that it is important to hold below 12.90 to continue the suggested bearish wave.
The expected trading range for today is between 12.57 support and 12.80 resistance
The expected trend for today: Bearish
Soybean price shows bearish bias after testing 920.85 level this morning, waiting for more decline for the rest of the day, depending on the price stability below the mentioned level, reminding you that our targets begin by breaking 916.80 and extend to 900.00 after surpassing the previous level.
The expected trading range for today is between 900.00 support and 924.00 resistance.
The expected trend for today: Bearish