Platinum price continued to form strong bullish waves to notice surpassing 1315.00 target and record 1337.70, while the main stability within the bullish channel along with the stability of the initial support at 1230.00 allow us to suggest more rise until reaching the major resistance at 1395.00, followed by monitoring the price behavior due to the importance of this level to detect the next main trend.
The expected trading range for today is between 1275.00 and 1395.00
The expected trend for today: Bullish
No change to Copper price’s bullish track, as it remains stable above the additional support 3.7700 today, in addition to stochastic attempt to provide the positive momentum.
Therefore, we will keep our bullish overview that might target 3.8810 level initially, while surpassing it might extend trades towards the psychological barrier 4000.00.
The expected trading range for today is between 3.7900 and 3.8810
The expected trend for today: Bullish
Wheat price rallied upwards clearly to approach the sideways range’s resistance that appears on the chart, and it might begin to decline in the upcoming sessions to visit this range’s support line, to keep the price stuck within sideways track between 629.40 support and 662.50 resistance until it manages to breach one of these levels to detect its next destination clearly.
We remind you that breaking the mentioned support will press on the price to visit 614.60 direct, while breaching the resistance represents the key to head towards achieving more gains and visit 692.00 areas on the near term basis.
The expected trading range for today is between 640.00 support and 662.00 resistance.
The expected trend for today: Sideways
Sugar price settled at the main bullish channel’s support line, noticing that stochastic enters the oversold areas, waiting to motivate the price to resume the main bullish trend, which its targets begin by breaching 16.00 to confirm extending the bullish wave towards 16.63.
Therefore, the bullish trend will remain suggested for the upcoming period unless breaking 15.40 and holding below it.
The expected trading range for today is between 15.50 support and 16.00 resistance
The expected trend for today: Bullish