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Platinum price awaits the additional negative momentum – Analysis – 13-9-2023

Economies.com
2023-09-13 05:36 UTC

Platinum price provided some temporary sideways trades recently by consolidating near 910.00, affected by stochastic exit from the oversold areas, to force it to postpone the previously suggested negative attack.

 

On the other hand, the MA55 continuous fluctuation near the additional barrier 950.00 confirms confining trades within the bearish track, to keep waiting to gather the negative momentum and ease the mission of reaching the main negative stations that might start at 880.00 and 855.00.

 

The expected trading range for today is between 920.00 and 880.00

 

The expected trend for today: Bearish

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Copper price awaits the breach – Analysis – 13-9-2023

Economies.com
2023-09-13 05:36 UTC

Copper price still under the sideways track effect until this moment, to continue fluctuating near 3.7800 level, keeping its stability within the sideways triangle, noting that we need to wait to surpass one of the major levels represented by 3.6600 support and 3.9100 resistance that hinders the chances of moving to the bullish track.

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Wheat price touches the target – Analysis - 13-09-2023

Economies.com
2023-09-13 04:19 UTC

Wheat price succeeded to touch our waited target at 580.20 and found solid support there, to show some temporary bullish bias, noticing that stochastic lost its positive momentum to show clear overbought signals, waiting to motivate the price to resume the negative trades to surpass the mentioned level and open the way to head towards the next negative targe tat 560.00.

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Sugar price resumes the bullish rally – Analysis - 13-09-2023

Economies.com
2023-09-13 04:19 UTC

Sugar price ended yesterday with strong positivity, to breach 26.80 and close the daily candlestick above it, reinforcing the expectations of continuing the domination of the bullish trend on the intraday and short-term basis, on its way to visit 27.50 that represents our next target, noting that breaching it will push the price to 28.00 as a next positive station.

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