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Platinum price rises slowly – Analysis – 12-1-2022

Economies.com
2022-01-12 05:58AM UTC

Platinum price started to provide slow positive trades, depending on the strength of 925.00 support line, to notice its stability at 970.00 now and increase the chances of renewing the previously expected bullish attempts.

 

We remind you that it is important to breach 1000.00 obstacle to open the way to record more positive targets that might start at 1040.00 followed by reaching 1072.00 in the medium term period.

 

The expected trading range for today is between 950.00 and 1000.00

 

The expected trend for today: Bullish

Copper price begins to rise – Analysis – 12-1-2022

Economies.com
2022-01-12 05:58AM UTC

Copper price succeeded to gather the positive momentum, to notice the beginning of forming bullish trades and reach 4.4500 level, moving away from 4.3300 support line, which confirms the continuation of the positivity, waiting to achieve the first main target at 4.5200, while surpassing it will extend trades towards 4.6200 as a next barrier against the bullish trades.

 

The expected trading range for today is between 4.4000 and 4.5200

 

The expected trend for today: Bullish

Wheat price tests the resistance – Analysis - 12-01-2022

Economies.com
2022-01-12 05:24AM UTC

Wheat price fluctuates at the key resistance 773.40 and keeps its stability below it until now, and stochastic continues to provide the negative signals, to support the chances of bouncing bearishly and resume the expected bearish trend for the upcoming period, which targets 742.30 level initially.

 

Note that breaching 773.30 will stop the suggested negative scenario and lead the price to attempt to regain the main bullish trend again.

 

The expected trading range for today is between 755.00 support and 775.00 resistance.

The expected trend for today: Bearish

Sugar price attempts to recover – Analysis - 12-01-2022

Economies.com
2022-01-12 05:24AM UTC

Sugar price settles above 17.70 level, to head towards potential test to 18.25 level before turning back to decline again, to suggest some temporary bullish bias in the upcoming sessions, noting that the main trend still bearish, and the price needs to break 17.70 to confirm heading towards 17.00 as a next negative station.

 

On the other hand, we should note that breaching 18.25 will lead the price to achieve additional gains that reach 18.70 and might extend to 19.16 on the near term basis.

 

The expected trading range for today is between 17.30 support and 18.25 resistance

 

The expected trend for today: Overall bearish

Frequently asked questions

What is the price of Platinum today?

The price of Platinum is $1469.90 (2025-07-11 23:54PM UTC)