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Platinum settles within intraday sideways range – Analysis – 19-4-2021
The contradiction between the major indicators led to witness new sideways trades for Platinum price, to settle near 1207.00 as appears on the chart, reminding you that the continuation of the fluctuation below 1230.00 barrier will increase the chances of renewing the correctional bearish attempts that might target 1170.00 and 1105.00 levels.
On the other hand, surpassing the current barrier and holding above it will allow the price to renew the bullish attempts, expecting to target new positive levels that start from 1290.00 and 1350.00.
The expected trading range for today is between 1230.00 and 1170.00
The expected trend for today: Bearish
Copper price continues the rising attempts – Analysis – 19-4-2021
Copper price succeeded to hold above 4.1600 level, to form additional support against the bullish trades and reinforce the continuation of the suggested positivity, also, stochastic continues to provide the positive momentum to allow us to wait to achieve additional targets that might extend towards 4.3200 and 4.4200 levels soon.
The expected trading range for today is between 4.1400 and 4.3200
The expected trend for today: Bullish
Wheat price needs a strong positive motive – Analysis - 19-04-2021
Wheat price provided mixed trades in the previous sessions, as it approached our waited target at 662.45 and bounced bearishly to settle around 650.00, noting that the positive effect of the inverted head and shoulders’ pattern still active, to support the continuation of the bullish trend scenario on the intraday and short term basis.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 644.20.
The expected trading range for today is between 644.00 support and 662.00 resistance.
The expected trend for today: Bullish
Sugar price touches the target – Analysis - 19-04-2021
Sugar price succeeded to touch our waited target at 16.55 and settles there, expecting to continue the bullish bias to surpass this level and open the way to head towards our next target that reaches 17.30.
Therefore, the bullish trend will remain suggested on the intraday and short term basis, noting that failing to achieve the required breach might force the price to rebound bearishly and head towards testing 15.12 areas before any new attempt to rise.
The expected trading range for today is between 16.30 support and 16.80 resistance
The expected trend for today: Bullish