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No news for copper price – Analysis – 2-7-2021

Economies.com
2021-07-02 08:22AM UTC

No news for Copper price as it keeps fluctuating within sideways and tight track, due to its move between 4.4100 resistance and the moving average 55 that forms additional support at 4.1900.

 

Therefore, we will stay neutral for today and wait the weekly close to manage to surpass one of the mentioned levels and detect the next main trend.

 

The expected trading range for today is between 4.3800 and 4.2000

 

The expected trend for today: Neutral

Wheat price under the negative pressure – Analysis - 02-07-2021

Economies.com
2021-07-02 04:09AM UTC

Wheat price breached 680.20 level strongly yesterday and reached 693.00 areas, but it bounced downwards quickly to settle below the first level, waiting to get positive motive that assist to confirm the breach and open the way to head towards our waited positive target at 700.00.

 

The EMA50 supports the price from below, while stochastic reaches the oversold areas, therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 659.40.

 

The expected trading range for today is between 655.00 support and 690.00 resistance.

The expected trend for today: Bullish

Sugar price hits the target – Analysis - 02-07-2021

Economies.com
2021-07-02 04:09AM UTC

Sugar price managed to achieve our waited target at 18.20 but it ended yesterday with clear negativity to approach testing the support base formed at 17.60 after breaching the resistance line that appears on the chart, waiting to lean on this level to resume the expected bullish trend on the intraday and short term basis, which its next targets extend to reach 18.50 followed by 18.80.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 17.60 and the most important above 17.40.

 

The expected trading range for today is between 17.60 support and 18.40 resistance

 

The expected trend for today: Bullish

Soybean price faces solid resistance – Analysis - 02-07-2021

Economies.com
2021-07-02 04:09AM UTC

Soybean price touched 1413.80 level and faces solid resistance there, waiting to get positive motive that assist to push the price to surpass this level and head towards our main waited target at 1433.70.

 

Stochastic gains the positive momentum clearly to support the chances of resuming the expected rise, to keep our bullish overview conditioned by the price stability above 1374.30.

 

The expected trading range for today is between 1380.00 support and 1433.00 resistance.

 

The expected trend for today: Bullish

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What is the price of EUR/USD today?

The price of EUR/USD is $1.1664 (2025-07-14 20:55PM UTC)