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Platinum price continues to postpone the decline – Analysis – 6-10-2022
Platinum price still affected by the positivity of the moving average 55that forms additional support at 903.00, to hinder the chances of renewing the main bearish attack, noticing its fluctuation near 930.00 barrier.
In café facing new positive pressures, that will increase the chances of moving towards the bearish track resistance at 956.00, while crawling below the mentioned additional support will open the way to form strong negative waves to expect targeting 880.00 and 855.00 levels.
The expected trading range for today is between 915.00 and 956.00
The expected trend for today: Bullish
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Copper price crawls positively – Analysis – 6-10-2022
Copper price continued to provide new positive trades affected by stochastic positivity and its stability above 50% Fibonacci correction level at 3.5000, expecting to attack the moving average 55 soon at 3.6600 to form the correctional bullish target, followed by monitoring its behavior to manage to confirm the next main trend.
Note that the stability of 3.6600 will allow us to expect the beginning of gathering the negative momentum again, to assist to activate the main bearish track and repeat the attempts to reach 3.0000 and 3.1300 levels.
The expected trading range for today is between 4.2600 and 4.5600
The expected trend for today: Bullish temporarily
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Wheat price starts bearish correction – Analysis - 06-10-2022
Wheat price tested 898.80 level and found solid support there, and begins today with new decline to approach this level again, waiting to break it to confirm opening the way to achieve more bearish correction that its next target reaches 870.00.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 921.00 level and hold above it.
The expected trading range for today is between 880.00 support and 910.00 resistance.
The expected trend for today: Bearish
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Sugar price awaits more rise – Analysis - 06-10-2022
Sugar price confirmed breaching the resistance line that appears on the chart, and attempts to build support base above it, reinforcing the expectations of continuing the bullish trend on the intraday basis, waiting to visit 18.13 level initially, which breaching it represents the key to rally towards 18.41 direct.
Therefore, the bullish trend scenario will remain valid and suggested for the upcoming period unless breaking 17.80 and holding below it.
The expected trading range for today is between 17.60 support and 18.40 resistance
The expected trend for today: Bullish
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