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Copper price awaits the beach – Analysis – 19-9-2023

Economies.com
2023-09-19 05:46AM UTC

Copper price still waiting to exit the sideways bias, to notice forming continuous sideways trades recently, settling near 3.7500, as the continuous stability of the dominating barriers represented by 3.6700 support and 3.9000 resistance allows us to stay neutral until confirming the next trend.

 

We remind you that declining below the mentioned support and providing negative close confirm the domination of the bearish bias for the upcoming period, to expect targeting 3.5000 as a first negative station, while breaching the resistance will confirm moving to the bullish track, waiting to record big gains that might start at 4.0200 and 4.3100.

 

The expected trading range for today is between 3.8700 and 3.7000

 

The expected trend for today: Neutral

Wheat price completes negative pattern – Analysis - 19-09-2023

Economies.com
2023-09-19 03:53AM UTC

Wheat price bounced downwards clearly yesterday to break the intraday bullish channel’s support line that appears on the chart, which forms bearish flag pattern that puts the price under expected negative pressure on the intraday basis, targeting testing 580.20 initially, noting that breaking this level will push the price to 560.00 as a next negative station.

 

Therefore, we suggest the continuation of the bearish bias in the upcoming sessions unless the price managed to breach 600.00 and hold above it.

 

The expected trading range for today is between 570.00 support and 600.00 resistance.

 

The expected trend for today: Bearish

Sugar price resumes the rise – Analysis - 19-09-2023

Economies.com
2023-09-19 03:53AM UTC

Sugar price tested 26.80 level and bounced upwards clearly from there, to resume the expected bullish trend on the intraday and short-term basis, which targets 28.00 areas as a next main station.

 

The technical indicators provide positive signals that support the continuation of the expected bullish trend, which will remain valid unless breaking 26.80 followed by 26.20 levels and holding below them.

 

The expected trading range for today is between 27.00 support and 27.80 resistance

 

The expected trend for today: Bullish

Soybean price approaches the target – Analysis - 19-09-2023

Economies.com
2023-09-19 03:53AM UTC

Soybean price provided strong negative trades yesterday to reach the thresholds of the waited target at 1311.70, and by taking a deeper look at the chart, we find that the price completed forming head and shoulders’ pattern that has negative targets that surpass the mentioned level to reach 1280.00 followed by 1266.30 areas.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, reminding you that it is important to hold below 1348.30 to achieve the waited targets.

 

The expected trading range for today is between 1290.00 support and 1335.00 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Copper today?

The price of Copper is $5.5745 (2025-07-15 18:35PM UTC)