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Platinum price fluctuates within the barriers – Analysis – 20-5-2022
Nothing changed to platinum price, as it keeps fluctuating within the major levels represented by 997.00 resistance and 913.00 support line that hinders the attempts to resume the negative attack.
Also, the contradiction between the major indicators supports the domination of the sideways bias for now, to keep waiting to surpass one of the major levels to manage to detect the next main trend.
The expected trading range for today is between 980.00 and 940.00
The expected trend for today: Sideways
Copper price postpones the decline – Analysis – 20-5-2022
The lack of the negative momentum and fluctuating above 4.2000 level led Copper price to confirm postponing the negative attack for now, to notice the beginning of forming positive waves to settle near 4.2600, and despite the main stability below 4.4000 key resistance, stochastic continuous positive momentum increases the chances of forming more positive fluctuation in order to test the major resistance before reaching any new negative target.
The expected trading range for today is between 4.1700 and 4.4000
The expected trend for today: Bullish
Wheat price under the negative pressure – Analysis - 20-05-2022
Wheat price continued to decline yesterday to break 1200.00 level and settles below it, to fall under expected negative pressure in the upcoming sessions, on its way to achieve negative targets that start at 1142.30 and extend to 1114.00.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 1200.00 – 1210.00 levels and hold above them.
The expected trading range for today is between 1140.00 support and 1210.00 resistance.
The expected trend for today: Bearish
Sugar price keeps its positive stability – Analysis - 20-05-2022
Sugar price ended yesterday above 19.72 level, to keep the bullish trend scenario active for the upcoming period, supported by stochastic positivity, waiting to head towards 20.00 followed by 20.63 levels as next main targets.
We remind you that breaking 19.72 and holding below it will press on the price to turn to decline and head towards visiting 19.16 level mainly.
The expected trading range for today is between 19.50 support and 20.20 resistance
The expected trend for today: Bullish