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Copper price still negative – Analysis – 18-3-2021
Copper price didn’t move until this moment, to keep its stability below 4.1700 resistance in order to reinforce the expected bearish track, while stochastic continues to attempt to provide the negative momentum to increase the chances of recording the negative targets around 3.9500 and 3.8810.
The expected trading range for today is between 4.1700 and 3.9500
The expected trend for today: Bearish
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Wheat price approaches the first target – Analysis - 18-03-2021
Wheat price keeps declining to approach the first waited target at 629.40, and we suggest the continuation of the negative pressure to break this level and open the way to head towards our next target that reaches 614.60.
MoreSugar price tests the support – Analysis - 18-03-2021
Sugar price traded negatively yesterday to test the key support 15.85, which represent one of the next trend keys besides 16.20, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
MoreSoybean price within tight track – Analysis - 18-03-2021
Soybean price did not show any strong move in the previous sessions, to remain stable below the broken support of the bullish channel, thus, no change to our bearish overview that depends on the price stability below 1425.00, reminding you that our first target is located at 1373.00.
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