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Platinum price keeps the negativity– Analysis – 12-9-2023
In spite of Platinum price fluctuation near 905.00 level, but it couldn’t affect the main bearish track, due to its repeated stability below 50% Fibonacci correction level at 950.00.
the unionism of the main indicators by providing the negative momentum, stochastic stability within the oversold level will increase the negative pressures on the trading, to keep waiting for targeting new bearish waves that might begin at 880.00 and 855.00.
The expected trading range for today is between 920.00 and 880.00
The expected trend for today: Bearish
Copper price without any news– Analysis – 12-9-2023
Copper price kept its stability above the sideways triangle’s support at 3.6700, forming a new bullish wave, hitting 3.8000 level, we couldn’t confirm the main trend due to the strength of the barrier near 3.9000, which keeps us aside until the price succeed to surpass one of the main levels.
MoreWheat price reaches the thresholds of the target – Analysis - 12-09-2023
Wheat price provided clear negative trades yesterday to reach the thresholds of the main waited target at 580.20, falling under continuous negative pressure coming by the EMA50, which supports the chances of surpassing the mentioned level and open the way to achieve additional negative targets that reach 560.00.
MoreSugar price tests the key support – Analysis - 12-09-2023
Sugar price faced new negative pressure yesterday to test the key support 26.20, noticing that the price consolidated above this level to attempt to rise again, which keeps our positive overview valid and active, waiting to breach 26.80 to open the way to head towards our next main target at 27.50.
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