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Copper price begins to rise – Analysis – 9-1-2023
Copper price succeeded to surpass 3.9000 barrier to confirm the continuation of the positivity, achieving some targets by touching 3.9800 level, expecting to get positive momentum and resume the bullish attack to press 4.0500 level, while breaching it will push the price to 4.3000 as a next main target.
The expected trading range for today is between 3.8500 and 4.1000
The expected trend for today: Bullish
Wheat price gathers the positive momentum – Analysis - 09-01-2023
Wheat price fluctuates at the intraday bullish channel’s support line that appears on the chart, noticing that stochastic shows oversold signals now, waiting to motivate the price to resume the positive trades and heads towards 778.10 that represents our next main target.
Therefore, the positive scenario will remain active, noting that it is important to hold above 745.00 to continue the expected bullish trend.
The expected trading range for today is between 740.00 support and 770.00 resistance.
The expected trend for today: Bullish
Sugar price keeps achieving the negative targets – Analysis - 09-01-2023
Sugar price succeeded to achieve our waited target at 18.40 and broke it to settle below it, reinforcing the chances of continuing the bearish trend in the upcoming sessions, opening the way to visit 18.00 as a next target.
Therefore, we will keep our bearish overview, and breaking the mentioned level will extend the bearish wave to reach 17.35 on the near term basis, while holding below 18.40 represent the first condition to continue the expected decline.
The expected trading range for today is between 17.80 support and 18.50 resistance
The expected trend for today: Bearish
Soybean price approaches the first target – Analysis - 09-01-2023
Soybean price provides more bullish bias to approach our first positive target at 1504.00, and returns to the bullish channel to support the continuation of the expected bullish trend on the intraday basis, which its next main target located at 1537.60.
Therefore, we will continue to suggest the bullish trend for the upcoming sessions conditioned by the price stability above 1470.00.
The expected trading range for today is between 1470.00 support and 1535.00 resistance.
The expected trend for today: Bullish