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No news for copper price – Analysis – 5-10-2021
Copper price didn’t move since yesterday, due to the contradiction between stochastic against the moving average 55 formation to additional barrier at 4.2600, to continue providing sideways trades as appears on the chart.
Resuming the negative attempts urges gathering new negative momentum, to manage to hold within the bearish track followed by starting to target the negative stations around 4.0500 and 3.8850.
The expected trading range for today is between 4.2600 and 4.0500
The expected trend for today: Bearish
Wheat price is forced for some decline – Analysis - 05-10-2021
Wheat price shows some slight bearish bias now, to move around 755.00, noticing that stochastic gains new positive momentum, waiting to assist to push the price to resume the bullish trend, which targets 782.20 as a next main station.
MoreSugar price under the negative pressure – Analysis - 05-10-2021
Sugar price provided additional negative trades yesterday to break 19.72 and settles below it, which hints heading to return to the correctional bearish track, but it needs to break 19.50 to confirm the continuation of the decline.
MoreSoybean price keeps declining – Analysis - 05-10-2021
Soybean price continues to decline to crawl gradually towards our waited target at 1225.90, and we expect to break this level to open the way to visit 1195.00 as a next main target.
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