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Copper price moves slowly – Analysis – 11-3-2020
Copper price begins forming slow sideways trading due to the lack of the negative momentum, to keep its stability above 2.4500 support line, reminding you that the main consolidation within the bearish channel and approaching the moving average 55 at 2.6200 supports the negative overview by providing new negative momentum to increase the chances of moving towards 2.3850 in the medium term period.
The expected trading range for today is between 2.6000 and 2.4500
The expected trend for today: Bearish
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Wheat price confirms the breach – Analysis - 11-03-2020
Wheat price managed to breach 520.30 level and closed the daily candlestick above it, which supports the expectations of continuing the bullish trend on the intraday basis, which its next main target located at 536.80.
MoreSugar price presses on the support – Analysis - 11-03-2020
Sugar price continues to fluctuate at 12.44 and still above it, which keeps our bullish overview valid on the intraday basis, which targets testing 12.99 level mainly.
MoreSoybean price consolidates positively – Analysis - 11-03-2020
Soybean price tested 876.30 level and kept its stability above it, to keep the bullish trend scenario valid for the upcoming period, noticing that stochastic begins to gather the positive momentum and gets rid of its negativity, waiting to motivate the price to resume the rise that targets 893.90 level mainly.
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