The EURJPY keeps the positive stability – Analysis – 4-1-2022
The EURJPY pair ended the temporary negative rebound by providing new positive close above 129.80 support line, forming new bullish rally to press on 130.95 obstacle.
The major indicators keep providing the positive momentum, allowing us to wait to surpass the current barrier followed by waiting to move towards the major targets around 131.60 and 132.45 levels.
The expected trading range for today is between 130.25 and 131.60
The expected trend for today: Bullish
Copper price keeps the positivity – Analysis – 4-1-2022
Copper price didn’t care of stochastic negativity, to notice the continuous fluctuation above the additional support at 4.3350, thus, we will keep waiting to gather the additional positive momentum to ease the mission of resuming the bullish attempts that might target 4.5200 and 4.6200 levels.
Note that declining below the mentioned support and providing negative close will force it to suffer many losses by declining towards 4.2800 and 4.1850 levels before achieving any new positive target.
The expected trading range for today is between 4.3350 and 4.5200
The expected trend for today: Bullish
Wheat price breaks the support – Analysis - 04-01-2022
Wheat price broke 773.30 level strongly and settled below it, to turn to decline on the intraday basis, on its way to test 742.30 level initially.
Therefore, the bearish bias will be suggested for today, noting that breaking the targeted level will extend the bearish wave to reach 711.40, while breaching 773.30 represents the key to stop the current negative pressure and return to rise again.
The expected trading range for today is between 740.00 support and 775.00 resistance.
The expected trend for today: Bearish
Sugar price awaits confirmation signal – Analysis - 04-01-2022
Sugar price attempted to breach 18.70 resistance line but it couldn’t manage to hold above it, to remain stuck between this resistance and 18.25 support, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next destination clearly.
To review the expected targets after the breach, please check our previous report.
The expected trading range for today is between 18.10 support and 19.00 resistance
The expected trend for today: Neutral