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Platinum moves within tight track – Analysis – 12-5-2021
No change to Platinum price sideways temporary fluctuation to notice its stability near 1235.00 level without recording any new positive target, reminding you that the stability above the initial support 1195.00 and stochastic attempt to provide the positive momentum will increase the chances of forming bullish rally, to expect reaching 1300.00 followed by 1350.00 levels.
The expected trading range for today is between 1230.00 and 1280.00
The expected trend for today: Bullish
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Copper price faces the negative pressures – Analysis – 12-5-2021
Copper price still lacks the positive momentum after stochastic exit from the overbought areas, while that didn’t affect its positive stability to notice its continuous fluctuation above the extended support at 4.7000 in order to find a chance to resume the bullish attack and record the additional targets at 5.0000 and 5.2200 levels.
MoreWheat price is recovering – Analysis - 12-05-2021
Wheat price rallied upwards to surpass 733.50 level and settles above it, to activate the positive scenario and heads towards achieving more expected gains in the upcoming period, noting that our first main target is located at 758.00.
MoreSugar price hits the first target – Analysis - 12-05-2021
Sugar price succeeded to achieve our first waited target at 18.00 and settles above it, to support the chances of continuing the main bullish trend, which its next targets extend to reach 18.87.
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