Platinum price formed new bullish channel recently as appears on the chart, to notice surpassing 1160.00 barrier and confirm its preparation to resume the bullish attack in the near term and medium term period.

Also, stochastic continuous positive momentum signals will increase the chances of recording new targets, to expect moving towards 1195.00 followed by reaching 1240.00 extended resistance.

The expected trading range for today is between 1150.00 and 1240.00

The expected trend for today: Bullish

Copper price touched the positive target at 3.6850 yesterday, confirming its affection by the positive pressures caused by the stability of 3.5550 support line, in addition to the additional support formed by the moving average 55 at 3.6100.

We expect to face more positive pressures to form new bullish rally and breach 3.7050 barrier to open the way to record new targets that might extend towards 3.7850 in the near term period.

The expected trading range for today is between 3.6400 and 3.7400

The expected trend for today: Bullish

Wheat price continued to rise to reach the sideways range’s resistance that confines the recent trades, which its lines represented by 662.50 resistance and 629.40 support, with chances to rebound bearishly to head towards the mentioned support in the upcoming sessions.

Until now, the sideways track still dominant on the intraday basis until the price confirms breaching one of the mentioned levels, noting that continuing the rise and breaching the resistance will push the price to resume the main bullish trend that its next target located at 692.00, while breaking the support represents negative factor that will press on the price to visit 614.60 as a next correctional target.

The expected trading range for today is between 650.00 support and 670.00 resistance.

The expected trend for today: Sideways

Sugar price traded positively yesterday to reach the thresholds of the first waited target at 16.00, ending trades negatively near the main bullish channel’s support line, affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the bullish wave that its next targets extend to 16.63.

Therefore, the bullish trend scenario will remain active for the upcoming period conditioned by the price stability above 15.25.

The expected trading range for today is between 15.50 support and 16.00 resistance

The expected trend for today: Bullish