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Platinum price postpones the decline – Analysis – 17-11-2023
Platinum price confirmed postponing the negative attack by fluctuating near 894.00 resistance line, affected by stochastic reach to the overbought areas that contradicts with the MA55 that provides the negative momentum by leaning near 922.00.
The continuous stability above 880.00 will increase the chances of activating the correctional bullish track until testing 922.00 level, while gathering the negative momentum and declining below 880.00 will allow the price to renew the negative attempts, to target 855.00 and 810.00 levels.
The expected trading range for today is between 880.00 and 912.00
The expected trend for today: Bullish temporarily
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No change to copper price negativity – Analysis – 17-11-2023
Copper price didn’t move, fluctuating near 3.6900 level, keeping its bearish track that depends on the strength of 3.7400 barrier, assuring the importance or gathering the negative momentum again, to ease the mission of reaching the negative stations near 3.6200 and 3.5000.
MoreWheat price hits the first target – Analysis - 17-11-2023
Wheat price succeeded to achieve our first waited target at 572.50, noticing that stochastic begins to lose the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target reaches 549.70.
MoreSugar price attempts to consolidate above the support – Analysis - 17-11-2023
Sugar price continues to fluctuate around 26.74 level and attempts to hold above it, and stochastic continues to provide the positive signals, waiting to resume the bullish wave that targets 27.82 level as a next main station.
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