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Platinum price takes breath – Analysis – 11-9-2023
Platinum price touched 887.00 level recently and formed temporary sideways fluctuation, attempting to take a breath in order to gather new negative momentum to confirm the continuation of the negativity for the upcoming trading.
The frequent stability below 50% Fibonacci correction at 950.00 and the major indicators continuous negative momentum signals confirm surrendering to the negative pressures, to keep our expectations to crawl below 880.00 and wait to achieve the next negative target at 855.00.
The expected trading range for today is between 920.00 and 870.00
The expected trend for today: Bearish
Copper price still confined – Analysis – 11-9-2023
No news for copper price that remains confined within the sideways triangle, affected by the stability of the 3.6600 support line that decreases the chances of moving to the bearish track, while 3.9200 level continues to form solid obstacle against the attempts to resume the bullish attack, to notice its consolidation near 3.7600.
MoreWheat price loses momentum – Analysis - 11-09-2023
Wheat price continues the calm decline to settle below 600.00 barrier, reinforcing the expectations of continuing the bearish trend on the intraday and short-term basis, noticing that stochastic continues to lose the positive momentum, to support the expectations of achieving more decline.
MoreSugar price faces negative pressure – Analysis - 11-09-2023
Sugar price finds difficulty to consolidate above 26.80 level, as it ended last Friday with clear negativity, which urges caution from the upcoming trading, as the price needs to consolidate above 26.20 to keep the bullish trend scenario active for the upcoming period, which targets 27.50 areas mainly.
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