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Platinum price provides mixed trades – Analysis – 21-10-2022
Platinum price surrendered to the stability of 875.00 level to force it to postpone the negative attack and provide new mixed trades by bouncing towards 910.00, noticing the consolidation within the bearish channel to allow us to keep the negative overview and wait to gather the additional negative momentum and manage to decline towards the main negative stations near 855.00 and 830.00.
On the other, breaching the bearish channel’s resistance at 940.00 will confirm moving to the bullish track, to start targeting many positive stations that start at 965.00 and 980.00.
The expected trading range for today is between 935.00 and 875.00
The expected trend for today: Bearish
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Copper price settles above the support – Analysis – 21-10-2022
Copper price ended the negative fluctuation by providing new close above 3.2700 support line to postpone the attempts to resume the decline for the current trades, expecting to confine trades between the current support and 3.5000 resistance.
MoreWheat price faces solid support – Analysis - 21-10-2022
Wheat price shows some bullish bias after testing 844.40 level in the previous sessions, to notice that stochastic loses its positive momentum clearly, while the EMA50 continues to press negatively on the price.
MoreSugar price completes negative pattern – Analysis - 21-10-2022
Sugar price managed to break 18.40 level and hold with a daily close below it, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that has negative targets that surpass 18.13 to reach 17.80.
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