Platinum price postpones the negative attack – Analysis – 23-12-2021
Platinum price failed to break 920.00 support line to hint postponing the negative attack and form strong bullish wave, achieving 975.00 level.
The continuous stability of the mentioned support and stochastic attempt to provide the positive momentum will increase the chances of resuming the bullish attempts, to expect moving towards 1005.00 level, while surpassing this obstacle might extend trades towards 1040.00 in the upcoming period.
The expected trading range for today is between 940.00 and 1005.00
The expected trend for today: Bullish
Copper price attempts to revive – Analysis – 23-12-2021
Copper price reacted to stochastic positivity yesterday, to notice surpassing the moving average 55 and attempt to jump above 4.3625 barrier in order to regain the bullish bias again.
We recommend to wait the breach to confirm moving to the bullish track, to manage to achieve many gains by moving towards 4.4500 followed by 4.6200.
The expected trading range for today is between 4.3300 and 4.4500
The expected trend for today: Bullish
Wheat price surpasses the first target – Analysis - 23-12-2021
Wheat price managed to achieve our waited target at 811.50 and breached it to settle above it, which supports the continuation of the main bullish trend, paving the way to achieve additional gains that reach 838.00.
Therefore, the bullish trend will remain suggested for the upcoming period, noting that breaking 811.50 might press on the price to test the bullish channel’s support line around 791.50 before any new attempt to rise.
The expected trading range for today is between 805.00 support and 835.00 resistance.
The expected trend for today: Bullish
Sugar price reaches the first positive target – Analysis - 23-12-2021
Sugar price rallied upwards strongly to reach 19.16 level, paving the way to achieve more expected gains in the upcoming period, noting that surpassing the mentioned level will push the price to 19.72 direct.
Therefore, the bullish bias will be suggested on the intraday basis, noting that failing to breach 19.16 will press on the price to decline and test 18.70 level initially.
The expected trading range for today is between 18.60 support and 19.50 resistance
The expected trend for today: Bullish