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Copper price still bullish – Analysis – 4-8-2022
Despite copper price recent negative wave, that won’t affect the correctional bullish track that depends on the stability of the major support at 3.1300, also, stochastic continuous attempt to provide the positive momentum might assist to renew the positive attempts that might target 3.6300 followed by waiting to reach 38.2% Fibonacci correction level at 3.8500.
The expected trading range for today is between 3.3500 and 3.6300
The expected trend for today: Bullish
Wheat price keeps declining – Analysis - 04-08-2022
Wheat price shows more bearish bias to keep approaching our waited negative target at 744.40, reinforcing the expectations of continuing the bearish trend, supported by the negative pressure formed by the EMA50.
MoreSugar price tests the resistance again – Analysis - 04-08-2022
Sugar price provided clear positive trades yesterday to test the key resistance 18.00, and the EMA50 met this resistance to add more strength to it, to keep its stability below this level and keep the main bearish trend scenario active, waiting to resume the bearish wave that targets 17.60 followed by 17.00 levels as next main stations.
MoreSoybean price breaks key support – Analysis - 04-08-2022
Soybean price traded with clear negativity in the previous sessions to break the intraday bullish channel’s support line that appears on the chart and settles below it, reinforcing the expectations of continuing the bearish trend on the intraday basis, opening the way to achieve our negative targets that start at 1355.00 and extend to 1318.20.
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