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Platinum price keeps the negativity – Analysis – 18-8-2023
Platinum price still keeping the domination of the bearish bias, to notice the frequent fluctuation near 895.00 level, which increases the chances of breaching 878.00 obstacle that formed the first negative target recently.
Also, the major indicators continue to provide the negative momentum, allowing us to keep the bearish attempts that might target new negative stations soon, which might start at 850.00 and 829.00 conditioned by the negative stability below 950.00 barrier.
The expected trading range for today is between 920.00 and 850.00
The expected trend for today: Bearish
Copper price repeats the fluctuation near the support – Analysis – 18-8-2023
Copper price provided new sideways fluctuation to keep its stability near the key support 3.6400, to increase the threat of exiting the bullish track due to the continuous negative pressures that it faces until now.
MoreSugar price under the negative pressure – Analysis - 18-08-2023
Sugar price attempted to breach 24.30 level yesterday but it ended trades with clear negativity to settle below this level, which supports the chances of turning back to the correctional bearish track and head to achieve negative targets that start by testing 23.50 areas.
MoreSoybean price hits the target – Analysis - 18-08-2023
Soybean price succeeded to achieve our waited target at 1348.30 and attempts to breach it now, which supports the continuation of the correctional bullish trend, paving the way to head towards 1385.00 as a next main station.
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