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Platinum moves within tight range – Analysis – 18-3-2021
Platinum price’s recent trades are confined within tight sideways range, represented by 1230.00 resistance and 1190.00 support.
Therefore, we recommend staying aside until surpassing one of these levels to manage to detect the next targets, reminding you that succeeding to breach the barrier will allow the price to continue the rise to target 1300.00 initially, while breaking the support will confirm surrendering to the correctional bearish bias domination, expecting to move towards 1160.00 and 1105.00 levels.
The expected trading range for today is between 1230.00 and 1190.00
The expected trend for today: Sideways
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Copper price still negative – Analysis – 18-3-2021
Copper price didn’t move until this moment, to keep its stability below 4.1700 resistance in order to reinforce the expected bearish track, while stochastic continues to attempt to provide the negative momentum to increase the chances of recording the negative targets around 3.9500 and 3.8810.
MoreWheat price approaches the first target – Analysis - 18-03-2021
Wheat price keeps declining to approach the first waited target at 629.40, and we suggest the continuation of the negative pressure to break this level and open the way to head towards our next target that reaches 614.60.
MoreSugar price tests the support – Analysis - 18-03-2021
Sugar price traded negatively yesterday to test the key support 15.85, which represent one of the next trend keys besides 16.20, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
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