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Platinum keeps the negativity – Analysis – 17-8-2021
Platinum price ended its recent fluctuation by providing new negative close below 1035.00 that forms additional barrier against the negative trades, to increase the chances of recording the negative targets around 980.00 and 945.00.
Stochastic reach to the overbought areas confirms getting rid of the positive pressures, to provide chances to gather the negative momentum again and confirm the domination of the expected bearish bias.
The expected trading range for today is between 1035.00 and 980.00
The expected trend for today: Bearish
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Copper price fluctuates above the support – Analysis – 17-8-2021
Copper price failed to surpass 4.4200 barrier, to hinder the bullish rally and force it to form new sideways fluctuation, while the frequent stability above the bullish channel’s support line at 4.2630 allows us to wait to gather the required positive momentum to achieve the breach and reach the positive stations near 4.5100 and 4.6400.
MoreWheat price keeps its positive stability – Analysis - 17-08-2021
Wheat price continues to fluctuate near 768.00 level, keeping its stability above it, to keep the bullish trend scenario valid and active for the upcoming period, which targets 790.00 followed by 800.00 levels mainly.
MoreSugar price approaches the second target – Analysis - 17-08-2021
Sugar price provided additional positive trades to approach our second waited target at 20.50, noticing that the price finds solid resistance there, which urges caution from the upcoming trading, as failing to surpass this level will force the price to rebound bearishly and test 20.00 initially, which breaking it represents the key to start bearish correction that its first main target reaches 19.00.
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