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No news for copper price – Analysis – 18-9-2023

Economies.com
2023-09-18 05:40AM UTC

Copper price didn’t move until this moment, to continue providing mixed sideways trades by moving between 3.6700 support and 3.9200 resistance lines.

 

Also, the continuous contradiction between the main indicators assists to confirm the domination of the sideways track for the current trades, to remain neutral until surpassing one of the dominating barriers to manage to detect the next targets, mentioned in our previous report.

 

The expected trading range for today is between 3.9000 and 3.7200

 

The expected trend for today: Neutral

Wheat price keeps rising – Analysis - 18-09-2023

Economies.com
2023-09-18 04:02AM UTC

Wheat price shows more bullish bias to complete forming positive pattern that supports the chances of achieving additional gains in the upcoming sessions, to head towards visiting 633.90 followed by 668.50 levels as next main stations.

 

Therefore, we expect to witness additional positive trades on the intraday basis, and breaching 614.00 will ease the mission of achieving the suggested targets, noting that breaking 598.00 will stop the positive scenario and push the price to decline again.

 

The expected trading range for today is between 595.00 support and 615.00 resistance.

 

The expected trend for today: Bullish

Sugar price hits the first target – Analysis - 18-09-2023

Economies.com
2023-09-18 04:02AM UTC

Sugar price succeeded to achieve our first waited target at 27.50, but it ended last Friday with clear negativity to break the intraday bullish channel’s support line and approach the first key support 26.00, affected by stochastic negativity, which urges caution from the upcoming trading, as the price needs to consolidate above the mentioned support as a first protection factor to the continuation of the main bullish trend.

 

Until now, the overall positive scenario still valid as long as the price is above 26.80 and the most important above 26.20, reminding you that our next main target reaches 28.00.

 

The expected trading range for today is between 26.70 support and 27.60 resistance

 

The expected trend for today: Bullish

Soybean price breaks the support – Analysis - 18-09-2023

Economies.com
2023-09-18 04:02AM UTC

Soybean price couldn’t manage to hold for long time above the bearish channel’s resistance, to trade with clear negativity and break the key support 1348.30 and settles below it, which puts the price under the negative pressure again, to head towards visiting 1311.70 areas on the near-term basis.

 

Therefore, we expect to witness negative trades in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 1348.30 and holding above it will stop the expected decline and lead the price to recover again.

 

The expected trading range for today is between 1300.00 support and 1365.00 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Copper today?

The price of Copper is $5.0625 (2025-07-06 20:54PM UTC)