Platinum price renews the positive trades, taking advantage of the main stability within the bullish channel and the stability of the additional support 1040.00, to notice its fluctuation above 1072.00 recently and moving towards the next target at 1105.00.
The above chart shows stochastic additional positive momentum signals, allowing us to keep the bullish overview and increase the chances of reaching the bullish channel’s resistance at 1130.00 followed by monitoring the price behavior to manage to detect the next targets.
The expected trading range for today is between 1080.00 and 1015.00
The expected trend for today: Bullish
Copper price succeeded to surpass 3.9000 barrier to confirm the continuation of the positivity, achieving some targets by touching 3.9800 level, expecting to get positive momentum and resume the bullish attack to press 4.0500 level, while breaching it will push the price to 4.3000 as a next main target.
The expected trading range for today is between 3.8500 and 4.1000
The expected trend for today: Bullish
Wheat price fluctuates at the intraday bullish channel’s support line that appears on the chart, noticing that stochastic shows oversold signals now, waiting to motivate the price to resume the positive trades and heads towards 778.10 that represents our next main target.
Therefore, the positive scenario will remain active, noting that it is important to hold above 745.00 to continue the expected bullish trend.
The expected trading range for today is between 740.00 support and 770.00 resistance.
The expected trend for today: Bullish
Sugar price succeeded to achieve our waited target at 18.40 and broke it to settle below it, reinforcing the chances of continuing the bearish trend in the upcoming sessions, opening the way to visit 18.00 as a next target.
Therefore, we will keep our bearish overview, and breaking the mentioned level will extend the bearish wave to reach 17.35 on the near term basis, while holding below 18.40 represent the first condition to continue the expected decline.
The expected trading range for today is between 17.80 support and 18.50 resistance
The expected trend for today: Bearish