Platinum price repeated the consolidation above 1005.00 level, to form key support against the bullish attempts and notice recording some additional gains recently by touching 1058.00.
The major indicators continue to provide the positive momentum, to increase the chances of surpassing 1072.00 level and open the way to resume the bullish attack in the near term and medium term period, to expect targeting 1105.00 as a next station.
The expected trading range for today is between 1028.00 and 1072.00
The expected trend for today: Bullish
Copper price repeated the fluctuation near 4.1700 resistance line, taking advantage of 4.0200 level forming additional support, and the major indicators that attempt to provide the positive momentum recently, while the price might provide more sideways fluctuation, to keep waiting to achieve the required breach and settle within the bullish channel again, followed by attempting to achieve many gains by rallying towards 4.3000 and 4.4400 levels.
The expected trading range for today is between 4.100 and 4.300
The expected trend for today: Bullish
Wheat price traded with strong positivity in the previous sessions, to retest the broken neckline of the double top pattern that appears on the chart, noticing that the price begins today with bearish bias in attempt to move away from the current resistance, to keep the bearish trend scenario active for the upcoming period, supported by stochastic negativity.
We remind you that our next main target is located at 662.20, while breaching 695.90 represents positive factor that will lead the price to achieve bullish correction that its targets begin by visiting 716.80 areas.
The expected trading range for today is between 670.00 support and 695.00 resistance.
The expected trend for today: Bearish
Sugar price finds difficulty to break 23.40 level, to show some temporary bullish bias, affected by stochastic positivity, and as long as the price is below 24.00, the correctional bearish scenario will remain active, depending on the formation of the double top pattern that appears on the chart, noting that the targets begin by breaking 23.40 to open the way to rally towards 22.80.
On the other hand, we should note that breaching 24.00 will stop the expected decline and push the price to resume the bullish wave again.
The expected trading range for today is between 23.00 support and 23.90 resistance
The expected trend for today: Bearish