Platinum price continued to provide positive crawling in attempt to take advantage of stochastic positivity, to record 986.00 level, reminding you that the bullish track will remain valid as long as the main support 925.00 remains intact, waiting to breach 1000.00 barrier in order to open the way to record the additional targets that might start at 1040.00 followed by 1072.00.
The expected trading range for today is between 950.00 and 1000.00
The expected trend for today: Bullish
Copper price resumes its bullish rally to achieve the first target by reaching 4.5700 and confirm surrendering to the continuous domination of the expected bullish bias, expecting to form additional support at 4.4500 and get more positive momentum to target 4.6200 barrier soon, followed by monitoring the price behavior to manage to detect the next targets.
The expected trading range for today is between 4.4500 and 4.6200
The expected trend for today: Bullish
Wheat price resumes its negative trades to move away from 773.40 level, reinforcing the expectations of continuing the domination of the bearish trend, waiting to test 742.30 as a first station, noting that breaking this level will push the price to 711.40 as a next correctional target.
Holding below 773.30 is important to continue the expected decline, as breaching it will lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 735.00 support and 765.00 resistance.
The expected trend for today: Bearish
Sugar price touched 18.25 level and kept its stability below it, waiting to resume the negative trades to test 17.70 as a first station, which breaking it represents the key to rally towards 17.00 as a next station.
Therefore, the overall bearish trend scenario will remain valid unless breaching 18.25 followed by 18.70 levels and holding above them.
The expected trading range for today is between 17.50 support and 18.40 resistance
The expected trend for today: Overall bearish