Copper price continued to form bearish waves, to end yesterday after touching the target at 4.1500$, and fluctuates near it as appears on the chart, while the price might form some sideways trades until gathering the additional negative momentum to ease the mission of breaking 4.1500$ and reach the next negative target at 4.0250$ direct.

We remind you that the bearish scenario will remain valid as long as 4.3300$ forms major barrier, noting that he consolidation of the MA55 near this barrier confirms the bearish scenario for the near-term and medium-term trades.

The expected trading range for today is between 4.2300$ and 4.0250$

Trend forecast: Bearish

Ethereum price (ETHUSD) faces temporary negative pressure to test the EMA50 that forms good support against the price, noticing that stochastic got rid of its negative momentum to show positive signals now, waiting to motivate the price to resume the bullish wave that its targets begin by breaching 3505.00$ to activate the positive effect of the inverted head and shoulders’ pattern followed by rallying towards 3641.82$ and 3880.00$ levels as next main stations.

Therefore, the overall bullish trend will remain valid and active unless breaking 3360.31$ and holding below it.

The expected trading range for today is between 3360.00$ support and 3600.00$ resistance.

Trend forecast: Bullish

Bitcoin price (BTCUSD) is testing the bullish channel’s support line and keeps its stability above it, to keep the bullish trend scenario active for the upcoming period, waiting to head towards 70000.00$ followed by 71200.00$ levels as next main targets.

The EMA50 keeps supporting the suggested bullish wave, noting that breaking 67050.00$ will stop the expected rise and push the price to start bearish correction on the intraday basis.

The expected trading range for today is between 66500.00$ support and 70000.00$ resistance.

Trend forecast: Bullish

Sugar price continues to decline, reinforcing the expectations of achieving more negative targets, affected by the previously completed double top pattern, waiting to test 18.00$ as a next main target.

The negative pressure formed by the EMA50 supports the suggested negative scenario, reminding you that it is important to hold below 19.25$ to continue the bearish trend.

The expected trading range for today is between 18.00$ support and 18.70$ resistance

Trend forecast: Bearish