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Platinum hits the first target – Analysis – 20-5-2020
Platinum price kept its bullish track by moving away from 775.00 support line, noticing recording the first positive target by reaching 853.25 recently, while the stability of stochastic within the overbought areas will increase the positive pressures to ease the mission of surpassing the moving average 55 at 873.00, followed by extending trades towards the second positive station at 915.00.
The expected trading range for today is between 810.00 and 875.00
The expected trend for today: Bullish
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Copper price continues the negative crawling – Analysis – 20-5-2020
Copper price continued to provide the positive crawling in order to resume the correctional bullish attempts, taking advantage of the additional positive momentum due to stochastic reach to the overbought areas.
MoreWheat price gets a negative signal – Analysis - 20-05-2020
Wheat price did not show any strong move yesterday, to continue fluctuating around 500.00, therefore, no change to the bearish trend scenario that depends on the price stability below 503.70 and 507.00 levels, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 483.20.
MoreSugar price completes positive pattern – Analysis - 20-05-2020
Sugar price keeps its stability above 10.60, and by taking a deeper look at the chart, we find that the price completed forming inverted head and shoulders’ pattern that has positive targets that surpass 11.45 to reach 12.16.
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