Copper price moves slowly recently despite its stability within the bearish track that depends on the stability of the major resistance at 3.8500, in addition to 3.7200 level forming continuous additional barrier against the current trades.
Note that the consolidation of the MA55 near the additional barrier will assist to confirm the bearish track for the upcoming trading, waiting to activate the negative attack that might target 3.5000 initially, while breaking it will extend trades towards the next target at 3.3700.
The expected trading range for today is between 3.7100 and 3.5500
The expected trend for today: Bearish
Sugar price traded with strong positivity yesterday, as it breached 26.74 and settled above it, to head towards regaining the main bullish trend, on its way to test 27.82 level initially.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 26.74 will put the price under the correctional bearish pressure again.
The expected trading range for today is between 26.95 support and 27.80 resistance
The expected trend for today: Bullish
Soybean price ended yesterday with clear positivity, as it breached 1311.70 level and closed the daily candlestick above it, to stop the recently suggested negative scenario and head towards achieving expected gains on the intraday basis, targeting visiting 1328.00 followed by 1348.30 levels as next main stations.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1311.70 will stop the suggested bullish trend and push the price to decline again.
The expected trading range for today is between 1300.00 support and 1340.00 resistance.
The expected trend for today: Bullish
Corn price declined strongly yesterday to break 487.90 level and approaches our waited target at 481.30, reinforcing the expectations of continuing the domination of the bearish trend in the upcoming period, noting that breaking the last level will push the price to suffer additional losses that reach 470.60.
Therefore, the bearish trend scenario will remain active, noting that breaching 487.90 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 477.00 support and 488.00 resistance.
The expected trend for today: Bearish