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Platinum price hits the first target – Analysis – 29-11-2023

Economies.com
2023-11-29 05:29AM UTC

Platinum price took advantage of the stability of 911.00 support line, forming strong bullish rally and face 50% Fibonacci correction level at 950.00, which formed the first positive target of the bullish track.

 

Now, the major indicators agree to provide the positive momentum, allowing us to expect surpassing the current obstacle and open the way to resume achieving gains, to expect targeting 966.00 and 983.00 levels.

 

The expected trading range for today is between 933.00 and 966.00

 

The expected trend for today: Bullish

Copper price moves between the barriers – Analysis – 29-11-2023

Economies.com
2023-11-29 05:29AM UTC

Copper price surrendered to the stability of the sideways track support line at 3.7400, to move towards 3.8100 barrier and settle below it, hinting its surrender to the domination of the sideways bias.

 

We expect to get positive momentum by stochastic to increase the pressure on the mentioned barrier to ease the mission to move to the bullish track by targeting 3.8600 level direct, and might extend to 4.0200 in the near term period.

 

The expected trading range for today is between 3.7500 and 3.8600

 

The expected trend for today: Bullish

Wheat price tests the resistance – Analysis - 29-11-2023

Economies.com
2023-11-29 04:05AM UTC

Wheat price provided clear positive trades to test the key resistance 572.00, accompanied by stochastic loss to the positive momentum witnessing clear overbought signals, while the EMA50 meets the mentioned resistance to add more strength to it.

 

Therefore, we expect to witness negative trades in the upcoming sessions as long as 572.00 level remains intact, reminding you that our waited targets begin at 549.70 and extend to 540.00 after breaking the previous level.

 

The expected trading range for today is between 560.00 support and 576.00 resistance.

 

The expected trend for today: Bearish

Sugar price resumes the decline – Analysis - 29-11-2023

Economies.com
2023-11-29 04:05AM UTC

Sugar price bounced bearishly after testing 26.74 level in the previous sessions, to keep the bearish trend valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 26.08.

 

Holding below 26.74 is important to continue the expected decline, as breaching it represents the key to regain the main bullish trend again.

 

The expected trading range for today is between 26.10 support and 26.74 resistance

 

The expected trend for today: Bearish