Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Platinum price resumes the decline – Analysis – 22-6-2023

Economies.com
2023-06-22 05:35AM UTC

Platinum price provided new negative close below 965.00, to confirm surrendering to the domination of the bearish bias and notice surpassing 50% Fibonacci correction level to settle near 941.00.

 

Also, the major indicators agree to provide the negative momentum, to increase the effect of the bearish track and expect suffering additional losses by targeting 925.00 followed by reaching 900.00 obstacle.

 

The expected trading range for today is between 960.00 and 925.00

 

The expected trend for today: Bearish

Copper price attempts to hold – Analysis – 22-6-2023

Economies.com
2023-06-22 05:34AM UTC

Copper price repeated forming sideways fluctuation, attempting to hold above the MA55 to increase the chances of activating the bullish attack again, while stochastic positive momentum signal will increase the chances of targeting many positive stations that might start at 4.0500 and 4.1600.

 

On the other hand, crawling below 3.8500 and providing negative close below it will force it to postpone the bullish attack to suffer some losses by moving towards 3.7100 that forms the additional support against the bullish attempts.

 

The expected trading range for today is between 3.8000 and 4.000

 

The expected trend for today: Bullish

Wheat price surpasses the target – Analysis - 22-06-2023

Economies.com
2023-06-22 04:17AM UTC

Wheat price soared yesterday to surpass our waited target at 723.10 and achieve the first extended target at 745.50, reinforcing the expectations of continuing the domination of the correctional bullish trend, waiting to visit 767.20 level as a next positive target.

 

The EMA50 continues to support the suggested bullish wave, and breaching the last level will extend the bullish wave to reach 811.30 areas, while holding above 723.10 represents key condition to continue the expected rise.

 

The expected trading range for today is between 730.00 support and 760.00 resistance.

 

The expected trend for today: Bullish

Sugar price needs strong positive momentum – Analysis - 22-06-2023

Economies.com
2023-06-22 04:17AM UTC

Sugar price shows sideways trades in the previous sessions, as it is affected by stochastic negativity, waiting to gather enough positive momentum to push the price to resume the bullish trend that targets 26.80 as a next main station.

 

Until now, the bullish trend scenario still valid as long as 25.25 level remains intact, as breaking this level will push the price to return to the correctional bearish track again.

 

The expected trading range for today is between 25.60 support and 26.40 resistance

 

The expected trend for today: Bullish