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Platinum price renews its positive action– Analysis – 29-11-2022

Economies.com
2022-11-29 05:16AM UTC

Platinum price confirmed its surrender to the bullish bias domination, by its move away from the extra support at 965.00, noticing that the above image rally to the upside approaching from the initial target at 1005.00.

 

Stochastic attempt to provide positive momentum again, so that will assist the chances for achieving extra positive gains that might extend to 1040.00 reaching to the next main target at 1072.00.

 

The expected trading range for today is between 970.00 and 1005.00

 

The expected trend for today: Bullish

Copper price keeps the positivity– Analysis – 29-11-2022

Economies.com
2022-11-29 05:15AM UTC

Copper price resisted the negative pressures, to keep its positive stability above the extra support level at 3.5000, to notice forming a bullish wave to settle near 3.6500.

 

The stability of the trading above the moving average 55 will reinforce the chances for breaching the obstacle at 3.7000 level, to open the way towards recording extra positive targets at 3.8500 and 4.0500.

 

The expected trading range for today is between 3.5500 and 3.7500

 

The expected trend for today: Bullish

Wheat price resumes the decline – Analysis - 29-11-2022

Economies.com
2022-11-29 04:48AM UTC

Wheat price provided clear negative trades yesterday to move away from 790.00, reinforcing the expectations of continuing the bearish trend, which targets 760.00 followed by 741.30 levels as next main stations.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 790.00 and holding above it.

 

The expected trading range for today is between 760.00 support and 795.00 resistance.

The expected trend for today: Bearish

Sugar price touches the second target – Analysis - 29-11-2022

Economies.com
2022-11-29 04:48AM UTC

Sugar price managed to touch 18.70 level and bounced bullishly to test the first key resistance 19.00, and the price needs to hold below this level to keep the bearish trend scenario active, waiting to break 18.70 to head towards 18.40.

 

On the other hand, we should note that breaching 19.00 followed by 19.40 levels will stop the correctional bearish scenario and lead the price to turn to rise.

 

The expected trading range for today is between 18.40 support and 19.30 resistance

 

The expected trend for today: Bearish