Platinum price repeated the negative trades by providing new closings below the MA55 at 915.00, confirming postponing the bullish rally, allowing us to suggest more negative attempts until reaching 880.00 level soon, while breaking it will push the price to provide strong pressures on the key support 870.00.

We remind you that regaining the bullish bias requires forming strong bullish waves to manage to provide new close above 915.00 level to ease the mission of achieving many gains that might start at 950.00.

The expected trading range for today is between 910.00 and 880.00

The expected trend for today: Bearish temporarily

Copper price confirmed its surrender to the bearish bias domination by providing frequent closings below the minor bullish channel’s support line at 3.8650, to notice suffering some losses by moving towards 3.7600 level.

Now, the stability of the MA55 above the current price confirms confining trades within the negative track, also, stochastic attempt to provide the negative momentum will increase the chances to reach 3.6700 that might form additional support against the negative trades.

The expected trading range for today is between 3.8000 and 3.6700

The expected trend for today: Bearish

Wheat price traded negatively yesterday to test the key support 595.50, noticing that the price begins today positively to consolidate above this level, to remain stuck between the trend keys represented by the mentioned support and 605.00 resistance, which keeps our neutrality valid until now, as the price needs to surpass one of these levels to detect its next destination clearly.

The contradiction between the technical factors provides another reason for neutrality, while the expected targets after the breach are explained in our previous report for wheat price.

The expected trading range for today is between 590.00 support and 610.00 resistance.

The expected trend for today: Neutral

Sugar price ended yesterday negatively to approach the key support 22.60, while the EMA50 continues to provide the positive support to the price, to keep the chances valid to continue the expected bullish trend on the intraday basis, which targets 23.80 areas mainly.

On the other hand, we should note that breaking 22.60 will stop the suggested rise and push the price to turn to decline.

The expected trading range for today is between 22.60 support and 23.30 resistance

The expected trend for today: Bullish