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No news for platinum price – Analysis – 5-4-2022

Economies.com
2022-04-05 05:41AM UTC

No news for platinum price until this moment, to continue fluctuating within the bearish track that depends on the stability of 1040.00 barrier in addition to the moving average 55 that forms additional obstacle at 1007.00.

 

Therefore, we will keep waiting to form new negative attack to manage to break 950.00 and open the way to resume the correctional bearish attack that might target the historical support at 905.00.

 

The expected trading range for today is between 1010.00 and 950.00

 

The expected trend for today: Bearish

Copper price presses on the barrier – Analysis – 5-4-2022

Economies.com
2022-04-05 05:41AM UTC

Copper price started to get the additional positive momentum by stochastic, to manage to renew the pressure on 4.8100 barrier that formed an obstacle against the attempt to resume the recent main bullish attack.

 

We recommend to wait the next four hours’ close to manage to detect the accurate trend, as breaching the current barrier will cancel the correctional bearish overview and open the way to target new positive stations that might start at 5.000 and 5.1800.

 

The expected trading range for today is between 4.7000 and 5.0000

 

The expected trend for today: Bullish

Wheat price begins positively – Analysis - 05-04-2022

Economies.com
2022-04-05 01:59AM UTC

Wheat price opens today’s trading with clear positivity to head towards potential test to the key resistance 1043.30, accompanied by stochastic loss to the positive momentum clearly, while the EMA50 forms negative pressure against the price.

 

Therefore, we believe that the chances valid to resume the correctional bearish trend, which its next target located at 972.80, while achieving it requires holding below 1043.30.

 

The expected trading range for today is between 990.00 support and 1045.00 resistance.

The expected trend for today: Bearish

Sugar price resumes the rise – Analysis - 05-04-2022

Economies.com
2022-04-05 01:59AM UTC

Sugar price provided good positive trades yesterday to move away from 19.16, reinforcing the expectations of continuing the bullish trend, which targets 19.72 as a next main station, reminding you that breaching this level will push the price to 20.00 followed by 20.63 levels.

 

Note that the continuation of the bullish wave depends on the price stability above 19.16.

 

The expected trading range for today is between 19.25 support and 19.80 resistance

 

The expected trend for today: Bullish