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Copper price is waiting for achieving the break– Analysis – 26-9-2023

Economies.com
2023-09-26 06:23AM UTC

Copper price remains under the negative pressures by its stability at 3.6600 level, waiting for breaking this support and begin the waited negative attack, the negativity is caused by the continuation of the reinforcements of the moving average 55 for the stability of the extra barrier near 3.8500, besides the continuation of the negative momentum that comes from stochastic by its approach from 20 level.

 

therefore, we will keep waiting for achieving the required break, to open the way towards targeting several negative stations, which might begin at 50% Fibonacci correction level at 3.5000.

The expected trading range for today is between 3.7700 and 3.5000

 

The expected trend for today: Bearish

 

Wheat price is recovering – Analysis - 26-09-2023

Economies.com
2023-09-26 03:40AM UTC

Wheat price bounced upwards clearly after the consolidation of 580.20 level against the recent negative pressure, to head towards recovering on the intraday basis and achieve gains that we expect to start at 610.90 and extend to 632.00 after surpassing the previous level.

 

Therefore, the bullish bias will be expected for the upcoming period unless breaking 580.20 and holding below it.

 

The expected trading range for today is between 590.00 support and 620.00 resistance.

 

The expected trend for today: Bullish

Sugar price breaks the support – Analysis - 26-09-2023

Economies.com
2023-09-26 03:40AM UTC

Sugar price managed to break 26.74 level and hold below it, to confirm the continuation of the correctional bearish trend domination in the upcoming sessions, opening the way to head towards visiting 26.08 level as a next negative station.

 

Therefore, we are waiting for more expected decline on the intraday basis, noting that breaking the targeted level will extend the bearish wave to reach 25.55 areas, while breaching 26.74 will stop the negative scenario and lead the price to regain the main bullish trend again.

 

The expected trading range for today is between 26.00 support and 26.80 resistance

 

The expected trend for today: Bearish

Soybean price breaches the resistance – Analysis - 26-09-2023

Economies.com
2023-09-26 03:40AM UTC

Soybean price opened today’s trading with clear positivity to breach 1311.70 and settles above it, which leads the price to build expected bullish wave on the intraday basis, on its way to visit 1330.50 followed by 1348.30 levels mainly.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions, noting that breaking 1311.70 and holding below it will bring the price back to the bearish track again.

 

The expected trading range for today is between 1300.00 support and 1345.00 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Copper today?

The price of Copper is $5.5690 (2025-07-15 18:44PM UTC)