Copper price lost the negative momentum recently after stochastic rally towards 80 level, to force it to continue postponing the negative attempts and notice the stability near 3.6500 now.

The correctional bullish trades might extend towards 3.7100 to face the MA55, while that won’t affect the main bearish track as long as the price is stable below the major resistance at 3.8500, allowing us to keep the negative overview that might target 3.5000 initially.

The expected trading range for today is between 3.7000 and 3.5800

The expected trend for today: Bearish

Wheat price didn’t show any strong move in the previous sessions, to hover around the EMA50, thus, no change to the expected bearish trend scenario on the intraday basis, which depends on the price stability below 605.00, noting that our waited targets begin at 577.00 and extend to 549.70 after surpassing the previous level.

The expected trading range for today is between 575.00 support and 600.00 resistance.

The expected trend for today: Bearish

Sugar price tested the key support 26.74 and keeps its stability above it, to start rising again and head towards resuming the main bullish trend, on its way to achieve our main targets that start at 27.82 and extend to 28.50 after surpassing the previous level.

Stochastic provides clear positive signals that support the continuation of the expected rise, which will remain valid conditioned by the price stability above 26.74.

The expected trading range for today is between 26.80 support and 27.70 resistance

The expected trend for today: Bullish

Soybean price rallied upwards strongly to breach 1311.70 level and settles above it, starting today with additional positivity to confirm the continuation of the bullish trend domination in the upcoming sessions, paving the way to head towards 348.30 as a next main target.

Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1311.70 will put the price under the negative pressure again.

The expected trading range for today is between 1311.00 support and 1350.00 resistance.

The expected trend for today: Bullish