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Platinum price repeats the positive closings – Forecast today – 28-3-2024
Platinum Price Analysis and Forecast
Expected Scenarios
- Platinum price still holding above 888.00$ support line, confirming keeping the bullish track.
- Beginning to form bullish waves by settling near 902.00$.
- Stochastic continuous positive momentum signals.
Reinforcing the chances of forming a strong bullish rally, expect moving towards the MA55 soon at 914.00$. Surpassing it will push the price to target additional stations that start at 932.00$, followed by reaching 50$ Fibonacci correction level at 950.00$.
Trading Range Forecast
The expected trading range for today is between 895.00$ and 914.00$.
Trend Forecast
Bullish
Copper price tends towards the positivity – Forecast today – 28-3-2024
Copper Price Analysis and Forecast
Expected Scenarios
- Copper price ended the temporary negative fluctuation by touching 3.9500$ level.
- Formed a bullish wave, attempting to confirm keeping the bullish track.
- Frequent stability above 3.8700$ support line.
- Stochastic attempt to provide the positive momentum.
Forming new bullish waves suggests attacking 3.1500$ level soon. Surpassing it will push the price to reach the next positive target at 4.3000$.
Trading Range Forecast
The expected trading range for today is between 3.9400$ and 4.1500$.
Trend Forecast
Bullish
Wheat price attempts positively – Forecast today - 28-03-2024
Wheat Price Analysis
Bearish Scenario
- Wheat price provided positive trades but closed below the key resistance at 552.80$.
- Price begins today with new decline, keeping the bearish trend scenario active.
- Targets for the bearish trend are 535.00$ followed by 525.40$ levels as next main stations.
Stochastic Momentum
Stochastic loses the positive momentum clearly to support the suggested negative scenario.
Trading Range
The expected trading range for today is between 535.00$ support and 557.00$ resistance.
Trend forecast: Bearish
Sugar price faces solid resistance – Forecast today - 28-03-2024
Sugar Price Analysis
Bullish Scenario
- Sugar price finds difficulty to surpass the neckline of the double bottom pattern.
- EMA50 forms good support to stop the decline and support the chances of resuming positive trades.
- Waiting to surpass 22.20$ to activate the positive effect and rally towards positive targets.
Positive Targets
Positive targets start at 22.60$ and extend to 23.80$.
Bearish Scenario
Continued bullish trend conditioned by the price stability above 21.35$.
Trading Range
The expected trading range for today is between 21.80$ support and 22.50$ resistance.
Trend forecast: Bullish