Platinum price tends to resume the negative correction – Analysis – 28-3-2022
Platinum price took advantage of the frequent negative pressures to move away from 1072.00 barrier, to notice crawling below the moving average 55 in order to confirm the domination of the expected correctional bearish bias.
Also, stochastic crawl towards the oversold areas will increase the chances of achieving the main targets at 950.00 and 905.00.
The expected trading range for today is between 1045.00 and 950.00
The expected trend for today: Bearish
Wheat price crawls downwards – Analysis - 28-03-2022
Wheat price shows calm negative trades to gradually approach the sideways range’s support line at 1043.30, to continue fluctuating within the sideways track that its lines represented by the mentioned support and 1114.00 resistance, noting that breaching one of these levels is required to detect the next targets clearly.
To review the details of the expected targets after the breach, please check our previous report.
The expected trading range for today is between 1030.00 support and 1100.00 resistance.
The expected trend for today: Sideways
Sugar price resumes the rise – Analysis - 28-03-2022
Sugar price shows more bullish bias to approach our waited positive target at 19.72, and we suggest surpassing this level to open the way to achieve more gains that reach 20.00 followed by 20.63.
Therefore, the bullish trend scenario will remain valid supported by the EMA50, noting that the continuation of the bullish wave requires holding above 19.16.
The expected trading range for today is between 19.20 support and 20.00 resistance
The expected trend for today: Bullish
Soybean price keeps its positive stability – Analysis - 28-03-2022
Soybean price settles above the breached resistance of the symmetrical triangle pattern, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to head towards 1757.00 as a main target.
Note that breaking 1677.00 followed by 1665.00 levels will put the price under intraday negative pressure that targets testing 1621.50 level before any new attempt to rise.
The expected trading range for today is between 1670.00 support and 1710.00 resistance.
The expected trend for today: Bullish