Platinum price formed new bullish wave yesterday to approach 1005.00 obstacle and settles below it, noting that the major indicators continue to provide the positive momentum to increase the chances of breaching the current obstacle and reinforce the chances of reaching the positive stations at 1040.00 and 1075.00.

The risks of changing the bullish trend will appear in case the price attempted to break 950.00 level and hold below it, to force it to suffer many losses by moving towards 925.00 first.

The expected trading range for today is between 965.00 and 1025.00

The expected trend for today: Bullish

Copper price didn’t move until this moment despite its frequent negative stability below 4.0500 resistance, affected by 38.2% Fibonacci correction level that keeps forming additional support at 3.850, to hinder the negative attempts for now.

The price needs additional negative momentum to manage to achieve the required break to ease the mission of reaching the negative stations at 3.7000 and 3.6000.

The expected trading range for today is between 3.9700 and 3.7000

The expected trend for today: Bearish

Wheat price faced negative pressure in the previous sessions to break the bullish channel’s support line and settles below it, which stops the correctional bullish track and push the price to attempt to return to the main bearish track again, as it presses on the key support 695.90 now, and we suggest breaking this level to open the way to achieve negative targets that start at 680.00 and extend to 662.20.

Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, taking into consideration that failing to break 695.90 will lead the price to start new bullish wave and attempt to head towards the next correctional level at 716.80.

The expected trading range for today is between 685.00 support and 702.00 resistance.

The expected trend for today: Bearish

Sugar price continues to fluctuate at the bullish trend line that appears on the chart, keeping its stability above it, accompanied by stochastic entering the oversold areas, waiting to motivate the price to resume the bullish trend that its next target located at 21.20.

Breaching 20.45 will release the price from the current negative pressure and ease the mission of achieving the waited rise, noting that breaking 20.25 will stop the positive scenario and press on the price to start correctional bearish wave on the intraday basis.

The expected trading range for today is between 20.05 support and 20.85 resistance

The expected trend for today: Bullish