Platinum price returned to provide closings below 1040.00 barrier, to push the price to provide clear negative rebound by reaching 1010.00, and despite the main stability within the bullish channel, facing negative pressures might force the price to suffer some losses by crawling towards 995.00 followed by reaching the bullish channel’s support line at 975.00.
The expected trading range for today is between 1030.00 and 995.00
The expected trend for today: Bearish temporarily
Copper price returned to provide slow trades after failing to confirm breaching 3.9000 obstacle, in addition to stochastic decline below 50 level, expecting to continue forming sideways trades with chances of declining temporarily towards 3.7000, to provide new chances to gather the positive momentum.
On the other hand, confirming the required breach will open the way to resume the bullish attack, reminding you that the initial targets are located near 4.0500 and 4.1800.
The expected trading range for today is between 3.7000 and 4.000
The expected trend for today: Bullish
Wheat price still stuck between the trend confirmation lines represented by that support level that declines now to 737.70 and 756.00 resistance, which keeps our neutrality valid until now, waiting to surpass one of these levels to detect the next destination clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 740.00 support and 760.00 resistance.
The expected trend for today: Neutral
Sugar price rallied upwards sharply yesterday to breach 19.40 level and settles above it, to stop the correctional bearish scenario and head towards resuming the main bullish track, paving the way to visit the recently recorded high at 20.04 as a next target.
Therefore, the bullish bias will be suggested for the upcoming period unless breaking 19.40 followed by 19.00 levels and holding below them again.
The expected trading range for today is between 19.20 support and 20.20 resistance
The expected trend for today: Bullish