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Platinum price touches the target – Analysis – 23-6-2023

Economies.com
2023-06-23 07:34AM UTC

Platinum price resumed the negative attack to achieve the target at 925.00, noticing the attempt to surpass it and confirm its preparation to target more negative stations in the near term and medium term period, also, 965.00 forms additional barrier to increase the efficiency of the bearish track, to keep waiting to target 903.00 followed by reaching 878.00 that might form the next main target for the negative trades.

 

The expected trading range for today is between 960.00 and 925.00

 

The expected trend for today: Bearish

Copper price under stochastic negativity effect – Analysis – 23-6-2023

Economies.com
2023-06-23 07:33AM UTC

Copper price returned to form correctional bearish waves, surrendering to stochastic negativity, forcing it to decline towards the MA55 at 3.8500.

 

The lack of the positive momentum allows us to suggest more negative waves that might force it to suffer additional losses by crawling towards 3.7200 followed by reaching the key support at 3.6200.

 

The expected trading range for today is between 3.9000 and 3.7200

 

The expected trend for today: Bearish temporarily

Wheat price approaches the extended target – Analysis - 23-06-2023

Economies.com
2023-06-23 04:13AM UTC

Wheat price shows more bullish bias to approach our new waited target at 767.20, getting continuous support by the EMA50 to expected the continuation of the bullish trend in the upcoming sessions, in addition to stochastic head towards the oversold areas and the attempt to provide the positive momentum.

 

Therefore, the bullish trend scenario will remain valid and active, noting that breaking 723.10 will stop the suggested bullish wave and push the price to turn to decline.

 

The expected trading range for today is between 735.00 support and 767.00 resistance.

 

The expected trend for today: Bullish

Sugar price returns to the correctional bearish track – Analysis - 23-06-2023

Economies.com
2023-06-23 04:13AM UTC

Sugar price traded with clear negativity yesterday to break 25.25 and close the daily candlestick below it, which stops the recently suggested positive scenario and push the price to return to the correctional bearish track again, on its way to visit 24.30 initially.

 

Therefore, we are waiting for more expected decline in the upcoming period, supported by moving below the EMA50, noting that breaching 25.25 will stop the current negative pressure and lead the price to attempt to recover again.

 

The expected trading range for today is between 24.50 support and 25.30 resistance

 

The expected trend for today: Bearish