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Copper price rises slowly – Analysis – 24-1-2024
Copper price started to respond to stochastic rally towards the overbought areas, forming slight rise by reaching 3.7980, attempting to surpass the MA55 in order to reinforce the chances of forming new bullish waves now.
We continue to assure the importance of the stability of the additional support 3.7300 to reinforce the bullish track, to keep waiting to attack 3.8500 barrier soon, while it is important to breach it to confirm the bullish scenario for the upcoming trading, which might target 3.9200 and 4.0200 levels initially.
The expected trading range for today is between 3.7400 and 3.8500
The expected trend for today: Bullish
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Wheat price attempts to breach – Analysis - 24-01-2024
Wheat price attempted to breach 605.00 level but it ended yesterday below it, which keeps our bearish overview valid, as the price is affected by the previously completed double top pattern, reminding you that we are waiting to head towards 573.00 as a next main target.
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