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The EURJPY seeks the momentum – Analysis – 14-2-2022

Economies.com
2022-02-14 07:03AM UTC

The EURJPY pair crawled below 131.40 level, to postpone the bullish attack temporarily, affected by stochastic intraday negativity, expecting to reach 129.85 level soon, forming additional support line, to increase the chances of gathering the additional positive momentum in order to reinforce the bullish track that might target 132.30 followed by 133.60 levels.

 

The expected trading range for today is between 130.00 and 132.00

 

The expected trend for today: Bullish

Copper price faces negative pressures – Analysis – 14-2-2022

Economies.com
2022-02-14 07:02AM UTC

Copper price faced additional negative pressures after stochastic crawled below 50 level, to confirm the stuck below 4.6100 resistance and form some negative fluctuation near 4.4800.

 

The continuous stability of the mentioned resistance will force the price to form more negative fluctuation, with chances of reaching 4.3900 followed by attempting to press on 4.3320 support line.

 

The expected trading range for today is between 4.5300 and 4.3900

 

The expected trend for today: Bearish temporarily

Wheat price achieves strong gains – Analysis - 14-02-2022

Economies.com
2022-02-14 05:29AM UTC

Wheat price rallied upwards strongly to breach 811.50 level and settles above it, confirming the return to the main bullish track, on its way to achieve additional gains that start at 837.00 and extend to 873.30.

 

Therefore, we expect to witness more rise in the upcoming sessions, noting that holding above 811.50 is important to achieve the suggested targets.

 

The expected trading range for today is between 800.00 support and 840.00 resistance.

The expected trend for today: Bullish

Sugar price at the first target – Analysis - 14-02-2022

Economies.com
2022-02-14 05:28AM UTC

Sugar price settles at our first negative target at 17.70, waiting to get strong negative motive that pushes the price to break this level and open the way to continue the decline towards 16.80.

 

In general, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 18.25.

 

The expected trading range for today is between 17.40 support and 18.00 resistance

 

The expected trend for today: Bearish