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Platinum takes a breath – Analysis – 17-1-2020

Economies.com
2020-01-17 09:16AM UTC

Platinum price formed correctional bearish rebound affected by the strength of 1025.00 level, to form an obstacle against resuming the bullish attack, while the main stability within the bullish channel and the stability of the additional support 990.00 allow us to wait to gather new positive momentum to manage to surpass the current barrier and reach the next main target at 1055.00.

 

The expected trading range for today is between 990.00 and 1055.00

 

The expected trend for today: Bullish

Copper price begins the bullish track – Analysis – 17-1-2020

Economies.com
2020-01-17 09:16AM UTC

Copper price provided new positive close above 2.8400 level, confirming the activation of the expected bullish track, thus, we will keep our bullish overview until reaching the positive stations around 2.9000 followed by 3.0200, to face 23.6% Fibonacci correction level

 

Also, stochastic fluctuation near 80 level assists to provide additional positive momentum to ease the mission of recording the suggested targets.

 

The expected trading range for today is between 2.8400 and 2.9000

 

The expected trend for today: Bullish

Wheat price tests the channel’s support line – Analysis - 17-01-2020

Economies.com
2020-01-17 05:38AM UTC

Wheat price faced strong negative pressure that pushed it to test the bullish channel’s support line that appears on the chart, and the price begins to rebound bullishly from there, which supports the chances of resuming the main bullish trend, waiting to surpass 567.6 level to ease the mission of heading towards the positive targets that begin at 578.0 and extend to 588.1.

 

Therefore, the bullish trend will be expected for the upcoming period unless breaking 562.0 level and holding below it.

 

The expected trading range for today is between 560.0 support and 580.0 resistance.

The expected trend for today: Bullish

Sugar price faces negative pressure – Analysis - 17-01-2020

Economies.com
2020-01-17 05:37AM UTC

Sugar price faced solid resistance at 14.50 barrier, to rebound bearishly and head towards potential test to the key support 14.14, affected by stochastic negativity, while the EMA50 keeps providing the positive support to the price.

 

Therefore, we will keep our overall bullish overview conditioned by the price stability above 14.14, reminding you that our next main target is located at 15.00.

 

The expected trading range for today is between 14.20 support and 14.60 resistance

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Platinum today?

The price of Platinum is $1376.50 (2025-07-09 05:44AM UTC)