Despite platinum price recent negative pressures, the main stability within the bullish channel and moving away from the main support 962.00 allow us to wait to gather the positive momentum, to start forming strong bullish waves.
In case the price surpassed 1010.00, that will allow it to renew the pressure on 1040.00 barrier in order to find a way to resume the rise in the upcoming period, reminding you that the next main target is located at 1072.00.
The expected trading range for today is between 980.00 and 1040.00
The expected trend for today: Bullish
Copper price succeeded to face the negative pressures by getting positive close above 3.7000, to form additional support in order to reinforce the chances of renewing the main bullish attempts, while the price starts to get the positive momentum now to increase the chances of reaching 3.9000 barrier, and surpassing this level might extend trades towards 4.0500 direct.
The expected trading range for today is between 3.7000 and 3.9000
The expected trend for today: Bullish
Wheat price leaned on the intraday bullish channel’s support line and begins to provide intraday positive trades, to hint building potential bullish wave in the upcoming sessions, targeting visiting 778.10 areas mainly.
Therefore, the bullish bias will be suggested for today, supported by stochastic positivity, noting that breaking 747.20 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 747.00 support and 765.00 resistance.
The expected trend for today: Bullish
Sugar price rallied upwards strongly yesterday to breach 19.40 and heads towards achieving expected gains in the upcoming sessions, approaching 20.04 level, and we expect to surpass this level to head towards 20.50 as a next positive target.
Therefore, the bullish bias will be suggested for today supported by the EMA50, noting that it is important to hold above 19.40 to continue the expected rise.
The expected trading range for today is between 19.50 support and 20.40 resistance
The expected trend for today: Bullish