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Copper price still confined – Analysis – 11-9-2023
No news for copper price that remains confined within the sideways triangle, affected by the stability of the 3.6600 support line that decreases the chances of moving to the bearish track, while 3.9200 level continues to form solid obstacle against the attempts to resume the bullish attack, to notice its consolidation near 3.7600.
We will stay neutral for now until surpassing one of the major levels, to manage to detect the next targets, mentioned in our previous report.
The expected trading range for today is between 3.6700 and 3.8500
The expected trend for today: Neutral
Wheat price loses momentum – Analysis - 11-09-2023
Wheat price continues the calm decline to settle below 600.00 barrier, reinforcing the expectations of continuing the bearish trend on the intraday and short-term basis, noticing that stochastic continues to lose the positive momentum, to support the expectations of achieving more decline.
MoreSugar price faces negative pressure – Analysis - 11-09-2023
Sugar price finds difficulty to consolidate above 26.80 level, as it ended last Friday with clear negativity, which urges caution from the upcoming trading, as the price needs to consolidate above 26.20 to keep the bullish trend scenario active for the upcoming period, which targets 27.50 areas mainly.
MoreSoybean price attempts positively – Analysis - 11-09-2023
Soybean price shows positive trades by today’s open to move above the intraday bearish channel’s resistance, but we notice that stochastic lost its positive momentum clearly, which supports the chances of resuming the expected bearish trend on the intraday basis, which targets testing 1348.30 mainly.
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