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Platinum repeats the fluctuation below the barrier – Analysis – 22-1-2020

Economies.com
2020-01-22 07:54AM UTC

Platinum price failed to surpass 1025.00 barrier to form negative rebound by touching 1000.00 level, reminding you that 990.00 continues to form additional support to increase the chances of gathering new positive momentum to ease the mission of breaching the current barrier to reach the main positive target at 1060.00.

 

On the other hand, facing additional negative pressures and attempting to crawl below the current support will confirm the domination of the correctional bearish bias, to expect suffering some losses by moving towards 950.00 followed by reaching the bullish channel’s support line at 910.00.

 

The expected trading range for today is between 990.00 and 1060.00

 

The expected trend for today: Bullish

Copper price repeats the negative fluctuation – Analysis – 22-1-2020

Economies.com
2020-01-22 07:54AM UTC

Copper price still affected by the negative pressure to notice providing additional negative trades and reach 2.7700 level, while the negative pressures caused by the stability of the bullish channel’s resistance at 2.8800 besides stochastic reach to the oversold areas as appears on the chart.

 

These factors reinforce the bearish scenario for the near term trading, waiting to achieve new negative correctional targets that might extend to 2.7200 followed by 2.6950.

 

The expected trading range for today is between 2.8400 and 2.7200

 

The expected trend for today: Bearish

Wheat price surpasses the first target – Analysis - 22-01-2020

Economies.com
2020-01-22 05:50AM UTC

Wheat price rallied upwards strongly yesterday to surpass our first waited target at 578.0 and settles above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noting that our next station is located at 588.1.

 

Therefore, we are waiting for more rise in the upcoming sessions, as the price moves inside the bullish channel that appear on the chart, noting that the continuation of the bullish wave conditions holding above 569.0

 

The expected trading range for today is between 575.0 support and 590.0 resistance.

The expected trend for today: Bullish

 

Sugar price completes the bullish pattern – Analysis - 22-01-2020

Economies.com
2020-01-22 05:49AM UTC

Sugar price managed to breach the bullish flag resistance that appears on the chart, to get positive motive that reinforces the expectations of continuing the bullish trend on the intraday and short term basis, waiting to head towards 15.00 that represents our next main target.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 14.14 level and holding below it, noting that the EMA50 and stochastic support the positive overview.

 

The expected trading range for today is between 14.30 support and 14.70 resistance

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Platinum today?

The price of Platinum is $1414.70 (2025-07-15 18:35PM UTC)