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Copper price faces the negative pressures – Analysis – 12-5-2021
Copper price still lacks the positive momentum after stochastic exit from the overbought areas, while that didn’t affect its positive stability to notice its continuous fluctuation above the extended support at 4.7000 in order to find a chance to resume the bullish attack and record the additional targets at 5.0000 and 5.2200 levels.
We should note that facing continuous negative pressures and declining below the mentioned support will confirm postponing the bullish attack and suffer some losses by forming correctional bearish waves and expect reaching 4.4700 initially.
The expected trading range for today is between 4.7200 and 4.9000
The expected trend for today: Bullish
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Wheat price is recovering – Analysis - 12-05-2021
Wheat price rallied upwards to surpass 733.50 level and settles above it, to activate the positive scenario and heads towards achieving more expected gains in the upcoming period, noting that our first main target is located at 758.00.
MoreSugar price hits the first target – Analysis - 12-05-2021
Sugar price succeeded to achieve our first waited target at 18.00 and settles above it, to support the chances of continuing the main bullish trend, which its next targets extend to reach 18.87.
MoreSoybean price surpasses the recent top – Analysis - 12-05-2021
Soybean price rallied upwards to surpass the recently recorded top at 1573.30 and settles above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards our next main target at 1600.00.
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