|
Copper price without any news– Analysis – 12-9-2023
Copper price kept its stability above the sideways triangle’s support at 3.6700, forming a new bullish wave, hitting 3.8000 level, we couldn’t confirm the main trend due to the strength of the barrier near 3.9000, which keeps us aside until the price succeed to surpass one of the main levels.
reminding you that breaching the barrier will allow it to form a strong bullish rally that might push it to reach 4.1000 initially, while breaking the current support and holding below it will confirm the domination of the bearish bias, to begin preferring targeting several negative stations that begin at 3.5000.
The expected trading range for today is between 3.6700 and 3.8500
The expected trend for today: Neutral.
Wheat price reaches the thresholds of the target – Analysis - 12-09-2023
Wheat price provided clear negative trades yesterday to reach the thresholds of the main waited target at 580.20, falling under continuous negative pressure coming by the EMA50, which supports the chances of surpassing the mentioned level and open the way to achieve additional negative targets that reach 560.00.
MoreSugar price tests the key support – Analysis - 12-09-2023
Sugar price faced new negative pressure yesterday to test the key support 26.20, noticing that the price consolidated above this level to attempt to rise again, which keeps our positive overview valid and active, waiting to breach 26.80 to open the way to head towards our next main target at 27.50.
MoreThe USDCHF awaits more rise – Analysis - 12-09-2023
The USDCHF pair continues to fluctuate within sideways track, keeping its stability above 0.8890, thus, no change to the expected bullish trend for the upcoming period, which its next target reaches 0.8995, while achieving it requires holding above 0.8890.
More