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Copper price repeats the negative closings – Analysis – 1-3-2024
Despite copper price recent weak trades, the frequent closings below 3.8900 resistance line support the chances of renewing the negative attempts that might target 3.7800 soon, followed by reaching the initial support at 3.7300.
Succeeding to breach the resistance and holding above it will cancel the negative overview and start forming new bullish waves to attempt to target many positive stations by rallying towards 3.9200 and 4.0200 initially.
The expected trading range for today is between 3.8500 and 3.7800
The expected trend for today: Bearish
Wheat price within symmetrical pattern – Analysis - 01-03-2024
Wheat price shows new negative trades, facing weak positive momentum, noticing that the price is confined inside symmetrical triangle that appears on the chart, and we prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 565.80 support or breaching 583.70 resistance.
MoreSugar price resumes the decline – Analysis - 01-03-2024
Sugar price bounced downwards strongly yesterday, to approach our waited target at 21.35, and the way seems open to surpass this level and open the way to achieve additional negative targets that reach 20.60 as a next negative station.
MoreSoybean price tests the support – Analysis - 01-03-2024
Soybean price tested the key support 1131.40 without managing to break it, to remain confined between the trend keys represented by the mentioned support and 1160.00 resistance, which makes us continue with our neutrality until the price manages to confirm breaching one of these levels.
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