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Platinum price repeats the negative close – Analysis – 24-2-2023
Platinum price repeated providing negative closes below the barrier at 965.00 level, to confirm its surrender to the suggested bearish bias domination, to settle near 950.00, and stochastic attempt to provide negative momentum by exiting the overbought level will support the chances for forming strong bearish waves that might target 925.00 level in the current period, then wait for achieving the next negative target at 885.00.
The expected trading range for today is between 960.00 and 925.00
The expected trend for today: Bearish
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Copper price remains bullish– Analysis – 24-2-2023
Copper price lost the positive momentum yesterday, to repeat its sideways fluctuation within the bullish channel reaching 4.020, while the stability of the trading in the current period above the bullish channel’s support to 3.9500, so that makes us keep the bullish suggestion by gathering extra positive momentum to renew the pressure on 3.1500 level, then attempts to reach 23.6% Fibonacci correction level near 4.3000.
MoreWheat price keeps achieving the negative targets – Analysis - 24-02-2023
Wheat price provided more negative trades to succeed achieving our first extended target at 752.00, and surpasses this level to confirm the continuation of the bearish trend on the intraday and short term basis, waiting to visit 742.00 as a next main target.
MoreSugar price achieves strong gains – Analysis - 24-02-2023
Sugar price rallied upwards strongly yesterday to breach 20.20 and open the way to resume the main bullish trend, on its way to achieve additional gains that start by visiting 20.70 areas, noting that surpassing this level will push the price to 21.00 direct.
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