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Platinum price repeats the negative closings – Analysis – 20-10-2022

Economies.com
2022-10-20 05:51 UTC

Platinum price repeated the negative closings within the bearish channel, to notice its crawl towards 875.00 recently, surrendering to the negative momentum effect, coming by the major indicators.

 

We expect to renew the negative attack and start targeting the additional negative stations that might start at 855.00 followed by reaching 830.00 as a next main target for the bearish trades.

 

The expected trading range for today is between 905.00 and 855.00

 

The expected trend for today: Bearish

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Copper price approaches the support – Analysis – 20-10-2022

Economies.com
2022-10-20 05:51 UTC

Copper price continued to provide the negative trades to approach 3.2700 support line, hinting its surrender to the domination of the bearish bias until this moment, as the stability of the moving average 55 above 3.5200 barrier confirms blocking trades within the bearish track, to increase the chances of breaking the current support and reach the next negative target at 3.1300 direct.

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Wheat price under the negative pressure – Analysis - 20-10-2022

Economies.com
2022-10-20 04:23 UTC

Wheat price bounced downwards clearly after testing 868.70 level in the previous sessions, to start pressing on 844.40 support line, in attempt to break it and head to achieve more bearish correction, noting that the next correctional level is located at 820.10.

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Sugar price presses on the support – Analysis - 20-10-2022

Economies.com
2022-10-20 04:23 UTC

Sugar price attempted to break 18.40 level and finds solid support there, to hint heading to trade negatively in the upcoming sessions, which makes us suggest witnessing bearish bias today, its next main target located at 18.13.

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