Technical Overview: Wheat, Soybean, Sugar
Anton Kolhanov | Feb 15, 2017 03:51AM ET
Main scenario:
The market is trading along an uptrend with target on 458/462, that may be expected to continue, while market is trading above support level 441/443.
Alternative scenario:
A downtrend will start as soon, as the market drops below support level 441/443, which will be followed by a move down to support level 429/433 and if it keeps on moving up above that level, we may expect the market to reach resistance level 419.
Main scenario:
The market is trading along an uptrend with target on 1065. A downtrend will start as soon as the market drops below support level 1048, which will be followed by a move down to support level 1036, 1021 and 1012.
Alternative scenario:
The uptrend may be expected to continue in case the market rises above resistance level 1065, which will be followed by reaching resistance level 1090.
Main scenario:
The market is trading along a sideways trend between support 20.10 and resistance 21.55. A downtrend will start as soon as the market drops below support level 20.10, which will be followed by a move down to support level 19.60, 19.00 and 18.15/35.
Alternative scenario:
The uptrend may be expected to continue in case the market rises above resistance level 21.55, which will be followed by reaching resistance level 22.20 and 22.70.
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