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Copper price awaits the breach – Analysis – 13-9-2023
Copper price still under the sideways track effect until this moment, to continue fluctuating near 3.7800 level, keeping its stability within the sideways triangle, noting that we need to wait to surpass one of the major levels represented by 3.6600 support and 3.9100 resistance that hinders the chances of moving to the bullish track.
We remind you that breaching 3.9100 and holding above it will allow the price to form strong bullish rally that might push it to reach 4.1000, while breaking the support and holding below it will confirm the domination of the bearish bias, to start suggesting targeting many negative stations that might start at 3.5000.
The expected trading range for today is between 3.6700 and 3.8500
The expected trend for today: Neutral
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Wheat price touches the target – Analysis - 13-09-2023
Wheat price succeeded to touch our waited target at 580.20 and found solid support there, to show some temporary bullish bias, noticing that stochastic lost its positive momentum to show clear overbought signals, waiting to motivate the price to resume the negative trades to surpass the mentioned level and open the way to head towards the next negative targe tat 560.00.
MoreSugar price resumes the bullish rally – Analysis - 13-09-2023
Sugar price ended yesterday with strong positivity, to breach 26.80 and close the daily candlestick above it, reinforcing the expectations of continuing the domination of the bullish trend on the intraday and short-term basis, on its way to visit 27.50 that represents our next target, noting that breaching it will push the price to 28.00 as a next positive station.
MoreSoybean price hits the target – Analysis - 13-09-2023
Soybean price managed to achieve our waited target at 1348.30 and settles near it, and we suggest surpassing this level to achieve additional negative targets that extend to reach 1311.70 areas on the near-term basis.
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