Copper price continued to provide clear positive pressure on 4.8100 barrier in order to find a way to resume the bullish attack, while our bullish overview depends on the consolidation within the bullish channel, and 4.6000 forming additional support, allowing us to wait to achieve the required breach and reach the additional targets near 5.0000 and 5.2000.
The expected trading range for today is between 4.6000 and 5.0000
The expected trend for today: Bullish
Wheat price ended yesterday above 1043.30 level, to head towards achieving expected gains on the intraday basis, targeting visiting 1114.00 initially, noting that breaching this level will confirm resuming the main bullish track and stop the bearish correction that dominated by the recent trades.
Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 1043.30 and holding below it.
The expected trading range for today is between 1030.00 support and 1080.00 resistance.
The expected trend for today: Bullish
Sugar price continues to rise to gradually approach our waited target at 19.72, getting continuous positive support by the EMA50, to support the chances of surpassing this level to open the way to head towards 20.00 followed by 20.63 levels.
Holding above 19.16 is important to continue the expected rise, as breaking it will put the price under the correctional bearish pressure again.
The expected trading range for today is between 19.25 support and 19.90 resistance
The expected trend for today: Bullish
Soybean price tests the key resistance 1621.50 and keeps its stability below it until now, accompanied by witnessing clear negative signals through stochastic now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1537.60 mainly.
We should note that breaching 1621.50 and holding above it will stop the suggested negative scenario and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1570.00 support and 1635.00 resistance.
The expected trend for today: Bearish