Copper price hits the target – Analysis – 27-6-2022
Copper price ended its recent trades by achieving the target at 3.6300, facing 61.8% Fibonacci correction level that forms good obstacle against the attempt to resume the decline, to notice its rebound towards 3.7800.
We remind you that the frequent negative stability below 3.9300 will increase the chances of forming new negative trades, to keep waiting to get the additional negative momentum and manage to break the mentioned obstacle and reach the next target at 3.5300.
The expected trading range for today is between 3.8600 and 3.6300
The expected trend for today: Bearish
Wheat price resumes the decline – Analysis - 27-06-2022
Wheat price returns to decline after retesting 972.80 level in the previous sessions, to keep the bearish trend scenario active for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to visit 915.20 followed by 885.50 levels as main targets.
Holding below 972.80 is important to continue the expected decline, as breaching it will push the price to start recovery attempts that start by testing 1043.30 level.
The expected trading range for today is between 910.00 support and 960.00 resistance.
The expected trend for today: Bearish
Sugar price attempts to break – Analysis - 27-06-2022
Sugar price attempted to break 18.25 level but it finds difficulty to hold below it, waiting to get negative motive that assist to push the price to decline towards our next negative target at 17.70.
In general, we will continue to suggest the bearish trend as long as 18.70 level remains intact, noting that the EMA50 supports the suggested negative scenario.
The expected trading range for today is between 17.80 support and 18.60 resistance
The expected trend for today: Bearish
Soybean price loses momentum – Analysis - 27-06-2022
Soybean price shows new negative trades, noticing that stochastic loses its positive momentum clearly, 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, waiting to break 1402.10 to confirm extending the bearish wave towards 1318.20, reminding you that the continuation of the bearish wave depends on the price stability below 1470.00.
The expected trading range for today is between 1380.00 support and 1480.00 resistance.
The expected trend for today: Bearish