|
Platinum price repeats the negative closings – Analysis – 8-9-2023
No change to platinum price bearish track due to moving away from the major resistance at 987.00, in addition to the negative consolidation below 50% Fibonacci correction level at 950.00.
In addition, the continuous negative momentum coming by the major indicators will increase the chances of activating the negative attack, to wait to target 880.00 level soon, followed by reaching the next main target at 855.00.
The expected trading range for today is between 925.00 and 880.00
The expected trend for today: Bearish
Copper price is weak – Analysis – 8-9-2023
Copper price shows weak trades recently, settling near 3.7200 level, affected by the negativity of the MA55 that consolidates now below the sideways range’s resistance line at 3.9200, also, the continuous stability of the sideways range support line at 3.6500 decreases the chances of moving towards the bearish track.
MoreSugar price surpasses the resistance – Analysis - 08-09-2023
Sugar price rallied upwards yesterday to breach 26.80 level and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, opening the way to head towards 27.50 that represents our next main target.
MoreSoybean price resumes the decline – Analysis - 08-09-2023
Soybean price resumed its negative trading to approach our waited target at 1348.30, organized inside the bearish channel that appears on the chart, and we suggest breaking this level to open the way to achieve additional negative targets that extend to 1311.70.
More