Copper price repeats the bullish attempts – Analysis – 14-1-2022
Copper price hinted keeping the bullish attempts by leaning above 4.3500 support line, to notice its frequent fluctuation near 4.5000 level to confirm its preparation to record the additional targets around 4.6200 followed by reaching the main resistance at 4.7700.
Also, stochastic continuous attempt to provide the positive momentum will assist to confirm the bullish scenario, to expect the stability above 4.4300 to start the bullish attack until reaching the suggested positive stations.
The expected trading range for today is between 4.4300 and 4.6200
The expected trend for today: Bullish
Wheat price touches the first target – Analysis - 14-01-2022
Wheat price managed to achieve our first waited target at 742.30 and presses negatively on it, to support the chances of extending the bearish wave to target 711.40 as a next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that holding below 773.30 represents major condition to achieve the waited targets.
The expected trading range for today is between 730.00 support and 750.00 resistance.
The expected trend for today: Bearish
Sugar price resumes the decline – Analysis - 14-01-2022
Sugar price bounced bearishly after testing 18.25 level in the upcoming sessions, to resume the bearish track, noting that stochastic provides negative signals that support the chances of breaking 17.70 to confirm extending the bearish wave towards 17.00.
We remind you that the continuation of the bearish wave depends on the price stability below 18.25 and the most important below 18.70.
The expected trading range for today is between 17.40 support and 18.20 resistance
The expected trend for today: Overall bearish
Soybean price completes negative pattern – Analysis - 14-01-2022
Soybean price started today with clear negativity to complete forming double top pattern that its signs appear on the chart, which leads the price to start bearish correction that its targets begin by surpassing 1360.40 to confirm heading towards 1326.40 as a next negative station.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 1375.00 followed by 1380.00 levels and holding above them.
The expected trading range for today is between 1345.00 support and 1380.00 resistance.
The expected trend for today: Bearish