Copper price touched 3.9500 level this morning, to form an intraday rebound towards 38.2% Fibonacci correction level in order to catch its breath before resuming the main bullish attack, which might target 4.0500 level initially reaching 4.3000 in the medium period trading.

Note that the price reach below 3.8500 level might force it to form a temporary correctional rebound, to target 3.7100 level then repeats the attempts of achieving the suggested positive targets.

The expected trading range for today is between 3.8000 and 4.0500

The expected trend for today: Bullish

Wheat price attempted to break 820.10 but it faces solid support there, noticing that stochastic provides negative signals that we are waiting to motivate the price to break this level and confirm extending the bearish wave towards 790.00 areas.

Therefore, the bearish trend scenario will remain valid and active, organized inside the bearish channel that appears on the chart, noting that the continuation of the bearish wave requires holding below 844.40.

The expected trading range for today is between 805.00 support and 835.00 resistance.

The expected trend for today: Bearish

Sugar price provided new strong positive trades to surpass 19.00 level and approaches our new target at 19.60, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noting that surpassing this level will push the price to 20.00 as a next positive target.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 19.00 and holding below it.

The expected trading range for today is between 18.90 support and 19.70 resistance

The expected trend for today: Bullish

Soybean price reached the thresholds of the second waited target at 1415.00 and returned to fluctuate around 1450.00, noticing that the price begins today with new decline, affected by stochastic negativity, to keep the bearish trend scenario active, noting that our next negative station reaches 1402.10.

Holding below 1454.00 represents initial condition to continue the expected decline, as breaching it will push the price to test the most important resistance at 1470.00 before any new negative attempt.

The expected trading range for today is between 1415.00 support and 1460.00 resistance.

The expected trend for today: Bearish