Copper price succeeded to confirm the continuation of the positivity by surpassing 4.0200 obstacle yesterday, to notice recording additional gains and reaching 4.1000 level, noticing the plenty of positive factors to reinforce the chances of resuming the rise, as stochastic reach the overbought areas, while the MA55 approaches the additional support at 3.8500.

The mentioned factors allow us to keep the bullish overview that targets 4.1500 level, followed by reaching 23.6% Fibonacci correction level at 4.3025 in the medium-term period.

The expected trading range for today is between 4.000 and 4.1500

Trend forecast: Bullish

Wheat price continues to decline to approach our first negative target at 525.40, waiting for more decline to achieve additional negative targets that reach 500.00.

The EMA50 supports the continuation of the suggested bearish wave, which will remain valid unless the price rallied to breach 552.80 and hold with a daily close above it.

The expected trading range for today is between 525.00 support and 540.00 resistance.

Trend forecast: Bearish

Sugar price faced new negative pressure yesterday to retest the breached neckline of the double bottom pattern, affected by stochastic negativity, waiting to resume the positive trades and head towards our next main target at 22.60.

In general, the bullish trend will remain active unless breaking 21.35 and holding below it, as breaking this level will push the price to turn to decline and build bearish wave that targets 20.50 areas initially.

The expected trading range for today is between 21.50 support and 22.20 resistance

Trend forecast: Bullish

Soybean price bounced downwards clearly yesterday, to test the support base formed at 1193.10 after breaching it previously, and the price needs to hold above this level to keep the correctional bullish scenario active, which its next target located at 1231.20.

Therefore, the bullish trend still valid until now, supported by the EMA50 that carries the price from below, noting that breaking 1193.10 will stop the expected rise and push the price to return to the main bearish track again.

The expected trading range for today is between 1185.00 support and 1215.00 resistance.

Trend forecast: Bullish