Platinum price activates the negative track – Analysis – 21-9-2023
Platinum price kept its negative stability below the additional barrier 950.00, to notice the beginning of forming negative waves and settling near the first negative target at 920.00.
Also, stochastic confirms getting rid of the positive pressures to manage to get the required negative momentum to resume the negative trades, to expect targeting 880.00 and 855.00 levels soon.
The expected trading range for today is between 940.00 and 890.00
The expected trend for today: Bearish
Copper price declines slowly – Analysis – 21-9-2023
Copper price surrendered to the MA55 negativity that settles at 3.8500, to force it to form negative crawl and reach 3.7200 level, expecting to face continuous negative pressures and move towards the sideways track support line at 3.6700, followed by monitoring the price behavior due to the importance of this support to detect the next main trend.
Declining below the mentioned support and getting negative close below it will confirm moving to the bearish track, to start targeting many negative stations by moving towards 3.5000 that forms 50% Fibonacci correction level as appears on the chart.
The expected trading range for today is between 3.8000 and 3.6700
The expected trend for today: Bearish
Sugar price begins bearish correction – Analysis - 21-09-2023
Sugar price couldn’t manage to continue the rise and consolidate above the bullish channel’s support line, to rebound bearishly and start bearish correction for the rise that started from 23.26 areas, on its way to achieve negative targets that start at 26.74 and extend to 26.08 after breaking the previous level.
Therefore, the bearish bias will be expected for today unless the price rallied to breach 27.80 and hold above it.
The expected trading range for today is between 26.70 support and 27.50 resistance
The expected trend for today: Bearish
Corn price retests the broken support – Analysis - 21-09-2023
Corn price trades positively to retest the broken support of the symmetrical triangle, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 435.60 areas mainly.
On the other hand, we should note that breaching 489.00will stop the expected decline and lead the price to achieve additional gains that reach 509.50.
The expected trading range for today is between 475.00 support and 490.00 resistance.
The expected trend for today: Bearish