Copper price kept its positive stability above 3.5700 support line, to increase the chances of recording new correctional targets, while the lack of the positive momentum led to form sideways fluctuation, to notice its consolidation near 3.7500 until now.
In case the price gathered the positive momentum, that will support our bullish overview that might target 3.8500 level soon, to face 38.2% Fibonacci correction level in addition to the MA55, to hinder the bullish attack for the upcoming period.
The expected trading range for today is between 3.7000 and 3.8500
The expected trend for today: Bullish
Wheat price provided strong positive trades yesterday to reach 654.40, but it bounced bearishly to test the key support 629.00 again, and the EMA50 meets this support to add more strength to it, accompanied by witnessing clear positive signals through stochastic.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 663.50, reminding you that the continuation of the bullish wave depends on the price stability above 629.00.
The expected trading range for today is between 628.00 support and 655.00 resistance.
The expected trend for today: Bullish
Sugar price found solid support at 24.30 level, to show some slight bullish bias, affected by stochastic positivity, and we need to monitor the upcoming trading, as there is a chance to head to test 24.90 followed by 25.25 areas before turning back to decline again.
Therefore, we prefer to stay aside until the price confirms its situation according to the current support areas, noting that breaking 24.30 will open the way to rally towards the next correctional level that reaches 23.50.
The expected trading range for today is between 23.90 support and 24.90 resistance
The expected trend for today: Neutral
Soybean price fluctuates within sideways and tight track in the previous sessions, waiting to get positive motive that assists to push the price to resume the intraday bullish trend, which targets testing 1266.30 initially.
Therefore, we will keep our bullish overview, reminding you that breaching the targeted level will push the price to 1311.70 as a next station, while the expected rise will remain valid unless breaking 1232.00 and holding below it.
The expected trading range for today is between 1230.00 support and 1266.00 resistance.
The expected trend for today: Bullish