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Copper (CME)Copper (CME)

20240726 12:22

Copper (CME) (SEP4) intraday: as long as 4.0755 is support look for 4.1620

Our pivot point is at 4.0755.

Our preference: as long as 4.0755 is support look for 4.1620.

Alternative scenario: the downside breakout of 4.0755 would call for 4.0580 and 4.0405.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Copper (CME) (SEP4) is below its 20 period moving average (4.1297) but above its 50 period moving average (4.1173).

Supports and resistances:

4.2090 **

4.1915 *

4.1620 **

4.1505

4.1285 last

4.0925

4.0755 **

4.0580 *

4.0405 **

Copper (CME)Copper (CME)

20240726 17:31

Copper (CME) (SEP4) intraday: as long as 4.0660 is support look for 4.1575

Our pivot point is at 4.0660.

Our preference: as long as 4.0660 is support look for 4.1575.

Alternative scenario: below 4.0660, expect 4.0485 and 4.0315.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Copper (CME) (SEP4) is above its 20 and 50 period moving average (respectively at 4.1295 and 4.1260).

Supports and resistances:

4.2040 **

4.1870 *

4.1575 **

4.1460

4.1320 last

4.0835

4.0660 **

4.0485 *

4.0315 **

Corn (CME)Corn (CME)

20240726 17:33

Corn (CME) (DEC4) intraday: the downside prevails as long as 416.25 is resistance

Our pivot point is at 416.25.

Our preference: the downside prevails as long as 416.25 is resistance.

Alternative scenario: above 416.25, look for 419 and 420.75.

Comment: the RSI is below 30. It could either mean that prices are in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Corn (CME) (DEC4) stands below its 20 and 50 period moving average (respectively at 418.20 and 419.44).

Supports and resistances:

420.75 **

419.00 *

416.25 **

415.00

414.00 last

410.25

408.50 **

406.75 *

405.25 **

Natural Gas (NYMEX)Natural Gas (NYMEX)

20240726 17:33

Natural Gas (NYMEX) (SEP4) intraday: short term rebound towards 2.1400

Our pivot point is at 1.9100.

Our preference: short term rebound towards 2.1400.

Alternative scenario: below 1.9100, expect 1.8600 and 1.8100.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Natural Gas (NYMEX) (SEP4) is trading under both its 20 and 50 period moving average (respectively at 2.0740 and 2.0820).

Supports and resistances:

2.2700 **

2.2200 *

2.1400 **

2.1100

2.0650 last

1.9600

1.9100 **

1.8600 *

1.8100 **

Soybeans (CME)Soybeans (CME)

20240726 17:33

Soybeans (CME) (NOV4) intraday: the RSI is oversold

1065.75 is our pivot point.

Our preference: the downside prevails as long as 1065.75 is resistance.

Alternative scenario: above 1065.75, look for 1073.25 and 1077.75.

Comment: the RSI is trading below 30. This could mean that either prices are in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Soybeans (CME) (NOV4) is trading under both its 20 and 50 period moving average (respectively at 1071.26 and 1072.09).

Supports and resistances:

1077.75 **

1073.25 *

1065.75 **

1063.00

1058.75 last

1048.25

1043.75 **

1039.25 *

1035.00 **