Platinum price did not record and correctional positive target due to the lack of the positive momentum, to settle near 726.00 level, reminding you that the temporary bullish scenario depends on the stability of 710.00 level, to form initial support and assists to resume rising until reaching 790.00 in the upcoming period.

On the other hand, declining below the current support and holding below it will renew the domination of the bearish bias caused by the main consolidation within the bearish channel that appears on the chart, to expect suffering additional losses by reaching 660.00 followed by 550.00 levels.

The expected trading range for today is between 710.00 and 790.00

The expected trend for today: Bullish

Despite Copper price’s recent slow trades, its stability above 2.0760 supports the correctional bullish trend, to repeat the pressure on 1.2100 level, while surpassing it might extend trades towards 2.2960 to test the main resistance that appears on the chart.

Stochastic exit from the oversold areas confirms getting rid of the negative pressures, allowing it to gather new positive momentum to ease the missions of reaching the previously suggested positive stations.

The expected trading range for today is between 2.0800 and 2.2500

The expected trend for today: Bullish

Wheat price succeeded to reach our first waited target at 577.00 – recording 576.60 level yesterday -, showing some bearish bias affected by the strength of the mentioned resistance, waiting to get enough positive momentum to push the price to resume the positive trading, as the overall positive scenario still valid as long as 557.30 remains intact.

Note that breaching 577.00 – 578.60 levels will open the way to head towards the previously recorded top at 590.50 as a next positive target.

The expected trading range for today is between 560.00 support and 580.00 resistance.

The expected trend for today: Bullish

Sugar price tested 11.55 level and kept its stability below it, to keep the bearish trend scenario active for the upcoming period, depending on forming potential bearish flag pattern, represented by the minor bullish channel that appears on the chart, waiting to break 11.20 level to activate the negative effect of this pattern followed by rallying towards 10.40 as a next negative station.

Therefore, the bearish trend scenario will remain active in the upcoming sessions unless breaching 11.50 level and holding above it.

The expected trading range for today is between 10.70 support and 11.65 resistance

The expected trend for today: Bearish