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Copper price gets the positive momentum – Forecast today – 29-3-2024

Economies.com
2024-03-29 06:09AM UTC

Copper Price Forecast for Today - 29-3-2024

Copper price repeated the positive stability within the bullish track, leaning on the additional support at 3.9500$, to notice the beginning of forming bullish waves and settling near 4.0200$, also, stochastic exit from the oversold areas confirms getting rid of the negative pressures, to provide the chance to get the positive momentum and start the bullish attack, expecting to attack 4.1500$ obstacle soon, while surpassing it will push the price to target additional stations that start at 3.3000$.

Expected Trading Range for Today:

  • Between 3.9600$ and 4.1500$

Trend Forecast:

Bullish

 

Wheat price returns to the bullish correction – Forecast today - 29-03-2024

Economies.com
2024-03-29 01:50AM UTC

Wheat Price Analysis

Expected Scenario: Continuing Bullish Momentum

  • Wheat price rallied strongly upwards yesterday, breaching the $557.10 level and reaching the 38.2% Fibonacci correction level at $569.80 again, indicating a potential continuation of the bullish correction, with targets around $583.50.
  • The bullish bias will be suggested for the upcoming sessions, but it's essential to note that failure to confirm a breach of $569.80 may lead to price decline and a visit to $552.80 before determining the next trend clearly.

Expected Trading Range for Today

  • Support: $560.00
  • Resistance: $580.00

Trend Forecast: Bullish

Sugar price completes the positive pattern – Forecast today - 29-03-2024

Economies.com
2024-03-29 01:49AM UTC

Sugar Price Analysis

Expected Scenario: Continuing Bullish Trend

  • Sugar price managed to breach the $22.20 level and close the daily candlestick above it, completing the formation of the double bottom pattern and providing positive momentum expected to push the price towards gains surpassing $22.60 to reach $23.80.
  • The bullish trend will remain valid and suggested on the intraday basis, with the importance of holding above $21.35 to achieve the awaited targets.

Expected Trading Range for Today

  • Support: $22.00
  • Resistance: $22.70

Trend Forecast: Bullish

Soybean price keeps the positive stability – Forecast today - 29-03-2024

Economies.com
2024-03-29 01:49AM UTC

Soybean Price Analysis

Expected Scenario: Continuing Bullish Trend

  • Soybean price attempted to break the $1193.10 level but ended yesterday above it, maintaining the active bullish trend scenario, with the next main target at $1231.20.
  • Stochastic provides positive signals supporting the expectations for further rise, which will remain valid unless the $1193.10 level is broken with a daily close below it.

Expected Trading Range for Today

  • Support: $1185.00
  • Resistance: $1220.00

Trend Forecast: Bullish

Frequently asked questions

What is the price of Copper today?

The price of Copper is $4.4355 (2025-08-01 23:54PM UTC)