Copper price confirmed surrendering to the bearish scenario after testing 3.7000 level, confirming its affection by the head and shoulders’ pattern, forming some negative waves by reaching 3.6450, noticing that the major indicators provide the negative momentum to ease the mission of resuming the decline in the near-term and medium-term period, to expect targeting the additional support line extension soon at 3.5900, while breaking it might extend losses towards 3.4000 in the medium term period.

The expected trading range for today is between 3.6800 and 3.5900

The expected trend for today: Bearish

Wheat price traded with clear positivity in the previous sessions to test the key resistance 605.00, noticing that the price bounced bearishly from there, to keep the bearish trend valid and active for the upcoming period, which targets 580.00 followed by 560.00 levels mainly.

Moving below the EMA50 supports the continuation of the suggested bearish wave, reminding you that it is important to hold below 605.00 to achieve the waited targets

The expected trading range for today is between 585.00 support and 600.00 resistance.

The expected trend for today: Bearish

Sugar price provided positive trades in the previous sessions to approach the sideways range’s resistance line that dominates trades as appears on the chart, as trades are confined between 22.60 support and 23.80 resistance, and we suggest the continuation of the sideways bias between these levels until the price manages to surpass one of them to detect the next destination clearly.

We remind you that breaching the resistance will push the price to achieve new gains that start at 24.60 and extend to 23.35, while breaking the support represents negative factor that will push the price to achieve negative targets that reach 21.35 on the near-term basis.

The expected trading range for today is between 22.90 support and 23.70 resistance

The expected trend for today: Sideways

Soybean price fluctuates with calm negativity, settling inside the bearish channel that appears on the chart, and the EMA50 meets this resistance to protect the continuation of the bearish wave on the intraday and short-term basis, waiting to head towards 1171.50 that represents our next target.

On the other hand, we should note that breaching 1200.00 will stop the expected decline and lead the price to start correctional bullish wave on the intraday basis.

The expected trading range for today is between 1170.00 support and 1200.00 resistance.

The expected trend for today: Bearish