|
Platinum price needs new momentum – Analysis – 17-8-2022
Platinum price kept its positive stability above 922.00 support line, attempting to consolidate positively above the moving average 55, to increase the chances of renewing the waited bullish attack.
Note that the continuous contradiction between the major indicators might force the price to form temporary sideways fluctuation until gathering the additional positive momentum, to ease the mission of breaching 950.00 level and start targeting new positive levels by reaching 970.00 followed by pressing on 990.00 resistance.
The expected trading range for today is between 930.00 and 950.00
The expected trend for today: Bullish
Thanks for your feedback.
Copper price prepares to rise – Analysis – 17-8-2022
Copper price still keeping the bullish attempts by settling above 3.5000, to reinforce the chances of achieving new targets in the near term and medium term period, expecting to react to stochastic positivity to ease the mission of reaching 3.8500 level soon, while surpassing it might extend trades towards 4.0500 as a next main target.
MoreWheat price within sideways track – Analysis - 17-08-2022
Wheat price shows sideways trades that put the price out of the intraday bullish channel, noticing that stochastic shows clear positive signals now, waiting to motivate the price to return to rise again, reminding you that our waited targets begin at 850.00 and extend to 885.00.
MoreSugar price under the negative pressure – Analysis - 17-08-2022
Sugar price ended yesterday’s trading with clear negativity to approach 18.13 level, which urges caution from the upcoming trading, as the price needs to consolidate above this level to keep the bullish trend active, which its next targets located at 18.70 followed by 19.00.
More