Copper price still affected by stochastic negativity, to notice renewing the pressure on 3.6000 support line, expecting to break it and begins the correctional bearish trades.

The bearish overview is supported by 3.6700 level forming additional barrier, reminding you that the correctional targets located near 3.4800 and 3.4000.

The expected trading range for today is between 3.6700 and 3.4800

The expected trend for today: Bearish

Wheat price showed mixed trades in the previous sessions, but it begins today with clear positivity to approach last Friday’s recorded high at 691.10, waiting to breach this level to confirm extending the bullish wave on the short term and medium term basis, noting that our next target is located at 700.00.

The EMA50 supports the expected rise, noting that breaking 661.70 will stop the positive scenario and press on the price to achieve intraday bearish correction that its targets begin at 643.60.

The expected trading range for today is between 675.00 support and 700.00 resistance.

The expected trend for today: Bullish

Sugar price tested the support base formed above 15.62 and kept its stability above it, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to head towards 16.63 as a next main target.

On the other hand, we should note that breaking 15.62 followed by 15.12 levels will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 15.60 support and 16.10 resistance

The expected trend for today: Bullish

Soybean price broke the intraday bullish channel’s support line strongly, to start bearish correction for the rise measured from 832.30 to 1432.20, noting that the next main target reaches 1290.60.

On the other hand, we should note that failing to break 1380.00 will push the price to start recovery attempts and resume the main bullish trend again, to start the positive targets by testing 1432.20 and attempt to breach it to achieve more gains on the short term and medium term basis.

The expected trading range for today is between 1380.00 support and 1400.00 resistance.

The expected trend for today: Bearish