Despite the continuous sideways fluctuation, Copper price consolidation below 4.2300 resistance confirms surrendering to the domination of the previously expected correctional bearish bias, while the price needs new negative momentum to manage to press on 3.8810 obstacle, as succeeding to surpass it will push the price to test the bullish channel’s support line at 3.6700, to form the main target of the negative trades.

The expected trading range for today is between 4.1400 and 3.8810

The expected trend for today: Bearish

Wheat price returned to test 614.60 level after the decline that it witnessed yesterday, accompanied by stochastic loss to the positive momentum and reach to the overbought areas, while the EMA50 continues to press negatively on the price.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which depends on the price stability below the above mentioned  resistance, noting that we are waiting to visit 596.30 as a next main target.

The expected trading range for today is between 595.00 support and 615.00 resistance.

The expected trend for today: Bearish

Sugar price closed yesterday below 15.00, to add more support to the expectations of continuing the bearish trend, paving the way to head towards our next negative target that reaches 14.34.

Therefore, we are waiting for more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave depends on the price stability below 15.55.

The expected trading range for today is between 14.70 support and 15.10 resistance

The expected trend for today: Bearish

Soybean price trades with clear negativity to keep approaching the first target at 1375.00, facing horizontal support line that appears on the chart, as it needs to surpass it to ease the mission of continuing the decline on the intraday and short term basis, reminding you that surpassing the mentioned level will push the price to 1304.00 as a next target.

In general, the bearish trend will remain valid unless breaching 1420.00 and holding above it.

The expected trading range for today is between 1365.00 support and 1395.00 resistance.

The expected trend for today: Bearish