Platinum price approached the target at 900.00 yesterday, and bounced upwards towards 920.00 due to the lack of the negative momentum, while the main stability within the bearish channel and 949.00 level forming additional resistance allow us to wait to gather the additional negative momentum, to ease the mission of reaching the negative stations at 880.00 followed by 860.00.
The expected trading range for today is between 930.00 and 880.00
The expected trend for today: Bearish
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Copper price continued to form negative trades recently, approaching the waited target at 4.0700 due to facing frequent negative pressures.
MoreWheat price reached the thresholds of the first waited negative target at 696.80, falling under continuous negative pressure by the EMA50, to support the chances of surpassing the mentioned level and head towards 676.60 that represents our next negative target.
MoreSugar price confirmed breaking 19.72 level after ending yesterday below it, to support the expectations to decline in the upcoming sessions, waiting to test 19.16 level initially, noting that breaking this level will push the price to 18.70 as a next negative station.
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