Copper price lost the positive momentum after stochastic exit from the overbought areas, forming negative rebound towards 3.8000 as appears on the chart, reminding you that the bullish scenario will remain valid as long as 3.7400 level forms the support line, in addition to the MA55 consolidation near it.

These factors allow us to wait to gather the additional positive momentum to assist to activate the bullish rally that might target 3.9200 level soon, followed by waiting to touch the next main target at 4.0200.

The expected trading range for today is between 3.7800 and 3.9200

The expected trend for today: Bullish

Wheat price rallied upwards strongly yesterday to succeed breaching 605.00 and settles above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, and the way is open to head towards our next target at 639.30.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 605.00 and holding below it.

The expected trading range for today is between 610.00 support and 635.00 resistance.

The expected trend for today: Bullish

Sugar price managed to touch our new waited target at 24.34, noticing that the price bounced upwards strongly from there, to breach 25.00 level and reach the most important resistance at 25.54, which represents the broken neckline of the double top pattern that appears on the chart, and the price needs to hold below this level to keep the negative scenario active, which its targets extend to reach 24.00 areas.

Therefore, we expect the bearish rebound from the current areas, noting that breaching 25.54 will push the price to achieve additional gains and visit 26.08 level as a next positive station.

The expected trading range for today is between 24.85 support and 25.60 resistance

The expected trend for today: Bearish

Soybean price faced strong negative pressure yesterday to approach our waited target at 1311.70, and the way seems open to continue the decline to surpass this level and achieve additional negative targets that reach 1296.00.

Therefore, we expect to witness more bearish bias in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 1330.00 will push the price to achieve intraday gains and test 1348.30 before any new attempt to decline.

The expected trading range for today is between 1295.00 support and 1335.00 resistance.

The expected trend for today: Bearish