Copper price formed correctional bullish wave yesterday to test 4.0500 resistance and settles below it, to confirm its surrender to the domination of the previously suggested bearish bias, assuring the importance of gathering the negative momentum to manage to activate the negative attack and repeat the pressure on 3.8500 obstacle, while confirming breaking it might extend losses towards 3.7000 followed by reaching 50% Fibonacci correction level at 3.5000.

On the other hand, facing more positive pressures and rallying above the current resistance will push the price back to settle within the bullish channel, to expect targeting many positive stations and head towards 4.2200 as a first station.

The expected trading range for today is between 4.0500 and 3.8500

The expected trend for today: Bearish

Wheat price broke 695.90 level strongly and rallied bearishly to succeed achieving our first expected negative target at 680.00, starting today with more decline to support the continuation of the bearish trend in the upcoming sessions, reminding you that our next target is located at 662.20.

The EMA50 forms negative pressure against the price to support the continuation of the suggested bearish wave, which will remain valid unless breaching 695.90 and holding above it.

The expected trading range for today is between 662.00 support and 690.00 resistance.

The expected trend for today: Bearish

Sugar price traded with clear positivity yesterday after leaning on the bullish trend line that appears on the chart, and begins to test the key resistance 20.70, and the price needs to breach this level to ease the mission of heading towards our next target at 21.20.

Stochastic provides positive signals that support the continuation of the expected bullish wave on the intraday and short term basis, noting that holding above 20.35 is important to achieve the waited targets, as breaking it will put the price under correctional bearish pressure on the intraday basis.

The expected trading range for today is between 20.35 support and 21.10 resistance

The expected trend for today: Bullish

Soybean price ended yesterday with strong negativity to break 1470.00 and settles below it, starting today with additional bearish bias to move away from this level, which reactivates the bearish trend scenario on the intraday and short term basis, to open the way to achieve negative targets that reach 1400.00.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 1470.00 and 1485.50 levels.

The expected trading range for today is between 1430.00 support and 1470.00 resistance.

The expected trend for today: Bearish