Platinum price provided new negative close recently below 1025.00, to continue forming strong obstacle against the bullish attempts and increases the chances of forming correctional negative rebound on the near term and medium term period.

On the other hand, stochastic exit from the overbought areas will increase the chances of crawling below the initial support at 990.00, to expect moving towards 950.00 followed by 920.00 levels soon.

The expected trading range for today is between 1025.00 and 950.00

The expected trend for today: Bearish

Copper price formed strong negative attack on last Friday, to notice its decline below the minor bullish channel’s support line at 2.6950, hinting moving into new negative track by reaching 2.6160.

The continuous negative closings below the broken support besides stochastic negative momentum signals by settling within the oversold areas allows us to suggest more negative trades until reaching 2.5500 level, to press on 61.8% Fibonacci correction level.

The expected trading range for today is between 2.6630 and 2.5500

The expected trend for today: Bearish

Wheat price achieved strong break to the bullish channel’s support line and settled below it, which puts the price under expected negative pressure on the intraday basis, on its way to test the main bullish channel’s support line at 542.00 before attempting to resume the main bullish trend.

Therefore, the bearish bias will be suggested for today unless the price managed to breach 571.30 level and hold above it.

The expected trading range for today is between 550.00 support and 570.00 resistance.

The expected trend for today: Bullish

Sugar price shows new negative trades to test the key support 14.14, which urges caution from the upcoming trading, as breaking this level will stop the recently suggested positive scenario and press on the price to start correctional bearish wave.

Until now, we still keep our bullish overview conditioned by the price stability above the mentioned support, noting that stochastic and the EMA50 provide positive signals that support the expected rise, which its next main target located at 15.00.

The expected trading range for today is between 14.14 support and 14.60 resistance

The expected trend for today: Bullish