Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Platinum price achieves some gains – Analysis – 9-11-2021

Economies.com
2021-11-09 07:53AM UTC

Platinum price kept its positive stability above the key support 1028.00 to notice achieving some gains by touching 1063.50 level, reminding you that it is important to rally above 1072.00 barrier to ease the mission of resuming the bullish attack and record additional targets that might start at 1105.00.

 

Also, we note that stochastic attempt to provide the positive momentum by surpassing 50 level, to reinforce the domination of the bullish bias and ease the mission of breaching the mentioned barrier.

 

The expected trading range for today is between 1042.00 and 1072.00

 

The expected trend for today: Bullish

Copper price attempts to renew the positivity – Analysis – 9-11-2021

Economies.com
2021-11-09 07:53AM UTC

Copper price started to get the positive momentum by stochastic rally above 50 level, to notice moving away from 4.2600 support line in order to confirm the continuation of the previously suggested positivity.

 

Therefore, we expect the continuation of forming bullish attempts to target 4.5700 followed by 4.8100 levels in the upcoming period.

 

The expected trading range for today is between 4.3300 and 4.5600

 

The expected trend for today: Bullish

Wheat price awaits confirmation signal – Analysis - 09-11-2021

Economies.com
2021-11-09 05:30AM UTC

Wheat price hovers around 777.00 level, to hint heading to return to the correctional bearish track, but it needs to confirm breaking this level to rally towards 765.60 followed by 754.20 levels as main correctional targets.

 

Therefore, we will continue with our neutrality until the price confirms breaking the above mentioned support or breaching 791.00 resistance to detect the next targets clearly, noting that breaching this resistance will lead the price to achieve new gains that start at 815.00.

 

The expected trading range for today is between 760.00 support and 790.00 resistance.

The expected trend for today: Neutral

Sugar price tests the support base – Analysis - 09-11-2021

Economies.com
2021-11-09 05:30AM UTC

Sugar price shows slight bearish bias to approach retesting 19.72 level, which turns into key support now after breaching it previously, as the price needs to hold above this level to keep the bullish trend active for the upcoming period, reminding you that our main waited target reaches 20.60.

 

Stochastic negativity interprets the reasons of the current decline, while the EMA50 continues to support the suggested bullish wave.

 

The expected trading range for today is between 19.60 support and 20.30 resistance

 

The expected trend for today: Bullish