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Platinum awaits the negative momentum – Analysis – 5-10-2021
Platinum price provided some negative trades yesterday by touching 946.00, to keep its stability within the main bearish channel, as the stability of the key resistance 987.00 and stochastic attempt to provide the negative momentum allow us to keep our bearish overview that might target 905.00 initially.
The expected trading range for today is between 970.00 and 910.00
The expected trend for today: Bearish
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.
MoreWheat 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.
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