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Platinum price tends towards the negativity – Analysis – 30-5-2023

Economies.com
2023-05-30 05:44AM UTC

Despite the recent platinum price weak trades, its frequent consolidation near the MA55 confirms its surrender to the negative attempts, waiting to form new negative wave and move to the next negative level that might target 1000.00 followed by reaching the next main target at 965.00.

 

Now, stochastic fluctuation above 20 level might force the price to form additional sideways fluctuation until gathering the required negative momentum to achieve the suggested additional targets.

 

The expected trading range for today is between 1050.00 and 1000.00

 

The expected trend for today: Bearish

Copper price postpones the decline – Analysis – 30-5-2023

Economies.com
2023-05-30 05:43AM UTC

Copper price was affected by the stability of the historical support 3.5500, to force it to postpone the negative attack and form some correctional bullish waves to test the first additional barrier at 3.7000 and hold below it.

 

We expect the continuation of the fluctuation within tight range, affected by the contradiction between the major indicators, waiting to surpass one of the mentioned barriers to manage to detect the next trend, as breaking the current support will open the way to resume the decline and target 3.4300 as a next station, while surpassing 3.7200 resistance will confirm its affection by the domination of the correctional bullish bias, to expect moving towards 3.8500 direct.

 

The expected trading range for today is between 3.7200 and 3.5500

 

The expected trend for today: Sideways

Wheat price gets new negative motive – Analysis - 30-05-2023

Economies.com
2023-05-30 04:13AM UTC

Wheat price tested the EMA50 and kept its stability below it, to start declining by today’s open, motivated by the negative signal that appears clearly on stochastic, waiting to test 603.10 initially, reminding you that breaking it will push the price to 590.00 as a next main target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 629.40.

 

The expected trading range for today is between 595.00 support and 620.00 resistance.

 

The expected trend for today: Bearish

Sugar price tests the resistance – Analysis - 30-05-2023

Economies.com
2023-05-30 04:13AM UTC

Sugar price ended last week with clear positivity to attack 25.25 level, noticing that the EMA50 forms good resistance against the price, to keep the chances valid to resume the correctional bearish trend, which its next target located at 24.30.

 

Therefore, we will be waiting for negative trades today conditioned by the price stability below 25.25 – 25.45 levels, as breaching them will stop the correctional bearish wave and lead the price to return to the main bullish track again.

 

The expected trading range for today is between 24.70 support and 25.50 resistance

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Platinum today?

The price of Platinum is $1433.50 (2025-07-03 04:35AM UTC)