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Copper price prepares to rise – Analysis – 17-8-2022
Copper price still keeping the bullish attempts by settling above 3.5000, to reinforce the chances of achieving new targets in the near term and medium term period, expecting to react to stochastic positivity to ease the mission of reaching 3.8500 level soon, while surpassing it might extend trades towards 4.0500 as a next main target.
The expected trading range for today is between 3.5500 and 3.8500
The expected trend for today: Bullish
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Wheat price within sideways track – Analysis - 17-08-2022
Wheat price shows sideways trades that put the price out of the intraday bullish channel, noticing that stochastic shows clear positive signals now, waiting to motivate the price to return to rise again, reminding you that our waited targets begin at 850.00 and extend to 885.00.
MoreSugar price under the negative pressure – Analysis - 17-08-2022
Sugar price ended yesterday’s trading with clear negativity to approach 18.13 level, which urges caution from the upcoming trading, as the price needs to consolidate above this level to keep the bullish trend active, which its next targets located at 18.70 followed by 19.00.
MoreSoybean price exits the bullish channel – Analysis - 17-08-2022
Soybean price provided additional negative trades yesterday to break 1402.10 level and settles below it, which puts the price under expected negative pressure in the upcoming period, on its way to achieve negative targets that start at 1360.00 and extend to 1318.20.
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