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Platinum price hits the first target – Analysis – 1-7-2022
Platinum price reacted to stochastic negativity again, to notice forming new negative waves and keep the stability below 950.00 barrier, to extend trades towards the first target at 890.00.
These factors confirm the preparation to form new negative trades, to expect suffering big losses to attempt to reach 855.00 as a main target.
The expected trading range for today is between 910.00 and 855.00
The expected trend for today: Bearish
Copper price resumes the decline – Analysis – 1-7-2022
Copper price succeeded to decline below 3.6600 support line, to confirm surrendering to the domination of the suggested bearish bias, touching 3.5800 level, while we expect to get negative momentum by stochastic to reach 3.5300 followed by waiting to achieve the first main target at 3.4100.
The expected trading range for today is between 3.7200 and 3.4100
The expected trend for today: Bearish
Wheat price touches the target – Analysis - 01-07-2022
Wheat price succeeded to touch our waited target at 885.50 and presses negatively on it, to support the chances of continuing the decline within the bearish channel that appears on the chart and paves the way to achieve additional negative trades that reach 855.00 followed by 800.00.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, noting that failing to break 885.50 will push the price to recover and visit 972.80 before any new attempt to decline.
The expected trading range for today is between 840.00 support and 920.00 resistance.
The expected trend for today: Bearish
Sugar price tests the resistance – Analysis - 01-07-2022
Sugar price continued to rise to test 18.70 level, noticing that the price bounced downwards clearly from there, to support he continuation of the recently suggested bearish trend scenario, which its targets begin by breaking 18.25 to open the way to head towards 17.70.
The EMA50 and stochastic provide negative signals that support the expected decline, which will remain valid conditioned by the price stability below 18.70.
The expected trading range for today is between 17.80 support and 18.70 resistance
The expected trend for today: Bearish