Copper price returned to form sideways fluctuation by settling near 3.8400, while that won’t affect the bullish overview depending on the stability of 3.7600 extended support line, in addition to the MA55 consolidation below it, thus, we will keep waiting to gain the additional positive momentum to activate the bullish rally that might target 3.9200 and 4.0200 levels initially.

The expected trading range for today is between 3.8000 and 4.0000

The expected trend for today: Bullish

Wheat price’s recent trades are confined within bearish flag pattern that appears on the chart, which means that breaking 617.00 will activate the negative effect of this pattern and push the price to resume the main bearish trend, which targets testing 605.00 as a first negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 639.30 will stop the expected decline and lead the price to achieve more bullish correction on the short-term basis.

The expected trading range for today is between 605.00 support and 630.00 resistance.

The expected trend for today: Overall bearish

Sugar price succeeded to confirm breaking 21.35 after closing the daily candlestick below it, which supports the continuation of the expected bearish trend on the intraday and short-term basis, opening the way to head towards our new negative targets that start at 20.45 followed by 19.82.

Holding below 21.35 is important to continue the expected decline, as breaching it represents initial key to start recovery attempts that target visiting 22.60 areas before any new attempt to decline.

The expected trading range for today is between 20.50 support and 21.30 resistance

The expected trend for today: Bearish

Soybean price surpassed 1330.00 level and settled above it, to head towards achieving expected gains on the intraday basis, targeting testing 1348.30 level mainly, noting that the expected rise is temporary, waiting to resume the main bearish trend again.

On the other hand, we should note that stochastic provides negative signals that might push the price to decline, noting that breaking 1330.00 will stop the temporary positive scenario and push the price to achieve negative targets that start at 1311.70.

The expected trading range for today is between 1315.00 support and 1348.00 resistance.

The expected trend for today: Bullish temporarily