Platinum price started to get the positive momentum due to stochastic reach to the overbought areas, to increase its stability above 1230.00 support line and allow the price to resume the bullish attack, expecting to move towards 1300.00 and 1350.00 levels.
We remind you that attempting to break the current support will postpone the bullish attack and force the price to start correctional bearish trades that might extend towards 1170.00 before recording any new positive target.
The expected trading range for today is between 1230.00 and 1300.00
The expected trend for today: Bullish
Copper price kept its bullish track to notice reaching the bullish channel’s resistance at 4.1800, which formed the second target of the bullish bias, expecting to witness some sideways fluctuation until breaching this resistance and attempt to record new targets that might start at 4.2300 followed by 4.4160.
The frequent stability above the additional support 3.8810 and stochastic positive signals agree the bullish overview, to keep waiting to reach the mentioned additional targets.
The expected trading range for today is between 4.0650 and 4.2000
The expected trend for today: Bullish
Wheat price ended last week with strong negativity to settle below 662.50, which keeps the sideways scenario valid for the upcoming period, as the price is confined between the mentioned resistance and 629.40 support, and we expect to head to test the mentioned support in the upcoming sessions.
Note that the price needs to surpass one of the above-mentioned levels to detect its next destination clearly.
The expected trading range for today is between 645.00 support and 665.00 resistance.
The expected trend for today: Sideways
Sugar price settles near 17.00 level, and the price needs to gather enough positive momentum to push trades to continue the main bullish trend, as we expect heading to achieve more gains on the short term and medium-term basis, noting that the next target extends to 18.10.
On the other hand, we should note that breaking 16.50 will press on the price to achieve intraday bearish correction that targets testing 16.20 and might extend to 16.00 areas before any new attempt to rise.
The expected trading range for today is between 16.70 support and 17.20 resistance
The expected trend for today: Bullish