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Platinum price tests the barrier again – Analysis – 5-10-2022

Economies.com
2022-10-05 05:46AM UTC

Platinum price ended its correctional bullish rally by touching 939.00 level followed by bouncing quickly below 930.00 barrier, noting that the moving average 55 forms additional barrier by settling near 905.00, in addition to stochastic positive momentum signals, while these factors support the chances of resuming the correctional bullish attack that might target 956.00 resistance, followed by monitoring the price behavior to manage to detect the next main trend.

 

The expected trading range for today is between 905.00 and 956.00

 

The expected trend for today: Bullish

Copper price faces strong positive pressures – Analysis – 5-10-2022

Economies.com
2022-10-05 05:46AM UTC

Copper price faced more positive pressures to decrease the chances of renewing the negative attack, to notice providing correctional bullish waves and press on 3.5000 level, noting that stochastic crawl towards the overbought areas might increase the efficiency of the positive track to expect targeting 3.6500 barrier soon and face the moving average 55.

 

The expected trading range for today is between 4.2600 and 4.5600

 

The expected trend for today: Bullish temporarily

Wheat price begins positively – Analysis - 05-10-2022

Economies.com
2022-10-05 04:18AM UTC

Wheat price closed yesterday below the bullish channel’s support line, but it opened today with bullish bias to move above this support, to keep the chances valid to continue the main bullish trend, waiting to breach 924.30 to get positive motive that assists to push the price to achieve our positive targets that reach 972.80.

 

Therefore, we will keep our bullish overview unless breaking 910.00 and holding below it.

 

The expected trading range for today is between 905.00 support and 940.00 resistance.

The expected trend for today: Bullish

Sugar price breaches the resistance – Analysis - 05-10-2022

Economies.com
2022-10-05 04:18AM UTC

Sugar price ended yesterday with strong positivity to breach 17.80 and close the daily candlestick above it, to hint the attempt to recover and turn to rise, but it faces resistance line appears on the chart, and it might hinder the bullish wave and push the price to decline again.

 

Therefore, we prefer to stay aside until the price confirms its situation according to 17.80 support and 17.90 resistance, noting that breaching this resistance will push the price to achieve more gains and visit 18.13 followed by 18.41 levels, while breaking the support will press on the price to resume the main bearish trend that its next target located at 17.23.

 

The expected trading range for today is between 17.40 support and 18.20 resistance

 

The expected trend for today: Neutral