Copper price confirmed regaining the bullish bias by consolidating within the bullish channel, depending on the stability of the major support at 4.0600, noticing the beginning of recording some gains by touching 4.1600 level, expecting to get more positive momentum to reach 4.2200 target, while surpassing it will push the price to 4.3000 as a next station.

The expected trading range for today is between 4.0500 and 4.2200

The expected trend for today: Bullish

Soybean price declined strongly yesterday to succeed achieving our main waited target at 1400.00, starting today with additional decline to surpass this level and open the way to continue the bearish bias to achieve new negative targets that extend to 1360.00 followed by 1318.20.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that failing to hold below 1400.00 will lead the price to build bullish wave and attempt to recover to achieve gains that start at 1430.00 and extend to 1470.00.

The expected trading range for today is between 1345.00 support and 1420.00 resistance.

The expected trend for today: Bearish

The USDCHF pair provided additional negative trades yesterday to test 0.9100 barrier, showing sideways trades now, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.

Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday basis, which its next target located at 0.9060, noting that breaching 0.9235 will push the price to test the most important resistance at 0.9316 before any new attempt to decline.

The expected trading range for today is between 0.9080 support and 0.9230 resistance.

The expected trend for today: Bearish

The NZDUSD pair tested 0.6290 level and bounced bearishly from there, which keeps the bearish trend scenario active for the upcoming period, waiting to test 0.6140 as a first negative target.

Stochastic negativity supports the continuation of the expected decline, and breaking 0.6220 will ease the mission of achieving the waited targets, taking into consideration that breaching 0.6290 will lead the price to turn to rise and build bullish wave that its first target reaches 0.6390.

The expected trading range for today is between 0.6160 support and 0.6270 resistance

The expected trend for today: Bearish