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Platinum price resumes the decline – Analysis – 30-6-2023

Economies.com
2023-06-30 08:16AM UTC

Platinum price provided new negative close below 950.00 level, confirming keeping the domination of the bearish bias, to notice suffering additional losses by reaching 990.00 level and approaching the first additional target.

 

Stochastic exit from the oversold areas might force the price to form some sideways fluctuation, waiting to gather the additional negative momentum to ease the mission of crawling below 878.00 followed by extending losses towards 855.00 that forms the next negative target for the bearish trades.

 

The expected trading range for today is between 920.00 and 849.00

 

The expected trend for today: Bearish

Copper price under the negative effect – Analysis – 30-6-2023

Economies.com
2023-06-30 08:14AM UTC

Copper price surrendered to the negative pressures, suffering many losses recently by reaching 3.6500, and despite the stability above 3.6000 support, the negative momentum coming by the major indicators and 3.8500 level forming additional barrier allow us to expect resuming the negative attempts, to press on the current support, while breaking this level will confirm moving to the next negative track, attempting to reach 50% Fibonacci correction level at 3.4900 initially.

 

The expected trading range for today is between 3.7650 and 3.6000

 

The expected trend for today: Bearish

Sugar price reaches the extended target – Analysis - 30-06-2023

Economies.com
2023-06-30 03:57AM UTC

Sugar price provided new negative trades to reach few pips away from our waited extended target at 21.80, as it falls under clear negative pressure affected by the double top pattern that its signs appear on the chart, and we suggest surpassing the mentioned level to achieve additional decline that its next target reaches 21.00 followed by 20.70 areas.

 

Therefore, the bearish trend will remain dominant in the upcoming sessions unless breaching 22.75 and holding above it.

 

The expected trading range for today is between 21.60 support and 22.50 resistance

 

The expected trend for today: Bearish

Corn price gets a negative close – Analysis - 30-06-2023

Economies.com
2023-06-30 03:57AM UTC

Corn price shows positive trades by today’s open, but we will depend on the last daily candlestick close recorded below 526.10 to continue suggesting the bearish trend for the upcoming period, which targets 500.00 as a next main station.

 

Therefore, we are waiting for expected negative trades on the intraday basis, taking into consideration that the continuation of the rise and surpassing 540.00 will stop the bearish wave and push the price to turn to rise.

 

The expected trading range for today is between 520.00 support and 535.00 resistance.

 

The expected trend for today: Bearish