Platinum price gained new positive momentum by stochastic attempt to crawl towards the overbought areas, to reinforce the continuation of the previously suggested positivity, also, the frequent stability above the initial support 950.00 allows us to suggest more bullish attempts until reaching the next main target at 1025.00.
We continue to mention that attempting to break the current support will postpone the bullish attack temporarily to force the price to suffer some losses by forming correctional bearish trades to target 930.00 followed by reaching the main support at 905.00.
The expected trading range for today is between 950.00 and 1025.00
The expected trend for today: Bullish
Copper price gains some positive momentum by stochastic rally above 50 level, taking advantage to form some bullish fluctuation to approach 2.8400 barrier.
Note that the frequent fluctuation below the mentioned barrier will increase the chances of the affection by the correctional bearish bias domination to press on 2.7500 level followed by attempting to reach 2.7000 support line.
The expected trading range for today is between 2.8400 and 2.7000
The expected trend for today: Bearish
Wheat price continued to rise to breach 555.4 level and settles above it now, which stops the recently suggested correctional bearish scenario and leads the price to resume the main bullish trend, waiting to head towards the previously recorded top at 567.6 as a next main station.
Therefore, the bullish bias will be suggested for today, noting that breaking 555.4 will put the price under the correctional bearish pressure again.
The expected trading range for today is between 550.0 support and 567.6 resistance.
The expected trend for today: Bullish
Sugar price bounced downwards clearly yesterday after testing 13.70 level, to support the expectations of continuing the intraday bearish trend, which targets testing the bullish channel’s support line at 13.34 mainly.
Therefore, we will keep our bearish overview, noting that breaching 13.70 will push the price to achieve new positive targets that begin by visiting 13.85 areas.
The expected trading range for today is between 13.30 support and 13.70 resistance
The expected trend for today: Bearish