Platinum price formed temporary positive rebound yesterday to test 1040.00 resistance and confirm confining trades within the bearish track, while the price needs new negative momentum to ease the mission of reaching the negative stations that might start at 990.00 and 965.00.

On the other hand, facing positive pressures and rallying above the mentioned resistance will cancel the negative overview and start forming strong bullish waves that might push it to reach 1072.00 initially.

The expected trading range for today is between 1040.00 and 1000.00

The expected trend for today: Bearish

Copper price repeated the mixed trades by consolidating near 4.1000 level, due to the move within temporary sideways track that hinders the chances of resuming the main bullish attack that depends on the main stability within the bullish channel.

Note that the price consolidates between the additional support near 4.0200 and 4.3000 resistance, to keep waiting to surpass one of these levels to manage to detect the next targets.

The expected trading range for today is between 4.0500 and 4.2500

The expected trend for today: Bullish

Wheat price faced negative pressure to test the intraday bullish channel’s support line that appears on the chart, noticing that stochastic gains the positive momentum gradually, waiting to motivate the price to resume the bullish wave that its targets begin at 778.10.

On the other hand, we should note that breaking 762.60 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 757.00 support and 775.00 resistance.

The expected trend for today: Bullish

Sugar price bounced upwards strongly after testing the key support 20.20, to resume the main bullish track and head towards achieving new gains that we expect to reach 21.20 followed by 22.30.

Therefore, the bullish trend scenario will remain suggested for the upcoming period, supported by stochastic current positivity, reminding you that it is important to hold above 20.20 to continue the expected rise.

The expected trading range for today is between 20.30 support and 22.10 resistance

The expected trend for today: Bullish