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Platinum price renews the positive action – Analysis – 7-11-2022

Economies.com
2022-11-07 06:03AM UTC

Platinum price took advantage of the positive factors represented by the moving average 55 forming additional support at 905.00 to confirm the efficiency of the double bottom pattern that appears on the chart, to notice the beginning of achieving gains by reaching 960.00.

 

Also, stochastic provides the positive momentum to assist to provide additional positive momentum and allows us to keep the bullish overview, to target new levels that might extend towards 1010.00 and 1050.00 levels.

 

The expected trading range for today is between 940.00 and 1000.00

 

The expected trend for today: Bullish

Copper price achieves the breach – Analysis – 7-11-2022

Economies.com
2022-11-07 06:03AM UTC

Copper price breached 3.5000 barrier to confirm moving to the bullish track, approaching the first target at 3.7000, while the current fluctuation above the moving average 55 and stochastic continuous positive momentum allow us to expect renewing the bullish attempts, to surpass 3.7500 level followed by waiting to move towards 38.2% Fibonacci correction level at 3.8500.

 

The expected trading range for today is between 3.5500 and 3.8500

 

The expected trend for today: Bullish

Wheat price awaits more decline – Analysis - 07-11-2022

Economies.com
2022-11-07 03:46AM UTC

Wheat price begins today with new negativity to approach 844.40 level, waiting to break this level to confirm extending the correctional bearish wave to head to target 820.10 followed by 790.00 levels as next negative targets.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period supported by stochastic and the EMA50 negativity, noting that the continuation of the bearish wave requires holding below 868.70.

 

The expected trading range for today is between 820.00 support and 865.00 resistance.

The expected trend for today: Bearish

Sugar price surpasses the target – Analysis - 07-11-2022

Economies.com
2022-11-07 03:46AM UTC

Sugar price rallied upwards again to surpass our waited target at 18.40 and settles above it, paving the way to achieve more positive targets, waiting to head towards 18.70 as a next station.

 

Therefore, the bullish trend scenario will remain active for the upcoming period, noting that breaking 18.40 will put the price under intraday negative pressure that targets testing 18.13 areas before any new positive attempt.

 

The expected trading range for today is between 18.10 support and 18.80 resistance

 

The expected trend for today: Bullish