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Copper price gathers its strength – Analysis – 4-10-2021
Copper price formed correctional bullish rebound after facing 4.0500 level, to form additional support against the negative trades and approaches the moving average 55 near 4.2600.
We remind you that the bearish scenario will remain valid as long as 4.4100 resistance remains intact, also, stochastic fluctuation below 50 level will increase the chances of gathering the additional negative momentum, to manage to break 4.0500 in order to reach new negative stations that might start at 3.8850.
The expected trading range for today is between 4.2600 and 3.8800
The expected trend for today: Bearish
Wheat price achieves strong gains – Analysis - 04-10-2021
Wheat price rallied upwards strongly in the previous sessions after beaching the first target at 741.90, to support the expectations of extending the bullish wave on the intraday and short term basis, reminding you that our next target is located at 782.20.
MoreSugar price is affected by the negative momentum – Analysis - 04-10-2021
Sugar price ended last Friday negatively to more below the symmetrical triangle’s resistance, affected by stochastic negativity, while the EMA50 forms positive support against the price, waiting to resume the positive trades to test 20.60 mainly.
MoreSoybean price approaches the target – Analysis - 04-10-2021
Soybean price shows new negative trades to approach our main waited target at 1225.90, to support the continuation of the bearish trend scenario on the intraday and short term basis, noting that breaking the mentioned level will extend the bearish wave to reach 1195.00 as a next station.
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