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Platinum still bearish – Analysis – 4-10-2021
No change to platinum price bearish track despite its bullish rally above 50% Fibonacci correction level at 960.00, due to its fluctuation within the main bearish channel that appears on the chart.
We will depend on the stability of the major resistance at 991.00 to ease the mission of reaching the negative stations at 940.00 and 905.00.
The expected trading range for today is between 990.00 and 940.00
The expected trend for today: Bearish
Copper price gathers its strength – Analysis – 4-10-2021
Copper price formed correctional bullish rebound after facing 4.0500 level, to form additional support against the negative trades and approaches the moving average 55 near 4.2600.
MoreWheat price achieves strong gains – Analysis - 04-10-2021
Wheat price rallied upwards strongly in the previous sessions after beaching the first target at 741.90, to support the expectations of extending the bullish wave on the intraday and short term basis, reminding you that our next target is located at 782.20.
MoreSugar price is affected by the negative momentum – Analysis - 04-10-2021
Sugar price ended last Friday negatively to more below the symmetrical triangle’s resistance, affected by stochastic negativity, while the EMA50 forms positive support against the price, waiting to resume the positive trades to test 20.60 mainly.
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