Platinum price took advantage of the frequent negative pressures, forming new bearish waves to confirm its surrender to the domination of the bearish bias and notice achieving 976.00 level.

The price has no escape from resuming the decline, due to stochastic reach to the oversold areas, to provide the additional negative momentum and wait to attack 965.00 target, which breaking it will extend trades towards 50% Fibonacci correction level at 948.00 direct.

The expected trading range for today is between 995.00 and 965.00

The expected trend for today: Bearish

Copper price trades extended bullishly yesterday to press on 3.8500 barrier, which forms the first target mentioned in our previous report, while facing the MA55 might force it to provide sideways fluctuation until succeeding to surpass 3.8500 level, to open the way to record new gains that might start at 3.9600 and 4.0500.

In general, the bullish overview will remain valid as long as the price is above the key support 3.6000, in addition to stochastic attempt to provide the positive momentum.

The expected trading range for today is between 3.7500 and 3.9500

The expected trend for today: Bullish

Wheat price provided additional positive trades to test the main bearish channel’s resistance that appears on the chart, noticing that the recent trades are confined within rising wedge that its support line located at 638.00, which means that breaking it will motivate the price to resume the main bearish trend to head towards achieving negative targets that start at 618.00 and extend to 597.50.

Therefore, we will continue to suggest the overall bearish trend, which will remain valid unless breaching 655.60 and holding above it.

The expected trading range for today is between 620.00 support and 650.00 resistance.

The expected trend for today: Overall bearish

Sugar price shows more bearish bias to surpass the EMA50 and settles below it, reinforcing the expectations of continuing the correctional bearish trend, and the way is open to head towards our next target at 24.30.

Therefore, we are waiting for more expected decline in the upcoming sessions, noting that breaching 25.25 will stop the bearish trend and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 24.30 support and 25.00 resistance

The expected trend for today: Bearish