news

Soybean price attempts to recover.

Soybean price surpassed 1000.00$ level and settled above it, to head towards achieving expected gains in the upcoming sessions, targeting visiting 1028.80$ level mainly.

Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1000.00$ will reactivate the negative scenario that its next main target reaches 960.30$ areas.

The expected trading range for today is between 990.00$ support and 1028.00$ resistance.

Corn price surpasses the resistance.

Corn price managed to breach 425.30$ level and closed the daily candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 434.30$ that represents our next target.

Therefore, we will continue to suggest the bullish bias on the intraday basis, noting that breaking 425.30$ will stop the positive scenario and push the price to turn to decline.

The expected trading range for today is between 423.00$ support and 434.00$ resistance.

Source: https://www.economies.com/forex/usd-chf-analysis/the-usdchf-price-hovers-around-the-resistance-%E2%80%93-forecast-today—24-10-2024-113177