The GBPJPY keeps the positivity – Analysis – 23-9-2021
No change to GBPJPY pair’s bullish track as it keeps providing positive closings above the bullish channel’s support line at 149.00, reinforcing the bullish track, to settle near 149.75.
Note that it is important to gather the additional positive momentum to manage to continue the rise, expecting to surpass 150.10 to start achieving new targets that might extend towards 150.55 and 151.30.
The expected trading range for today is between 149.25 and 150.55
The expected trend for today: Bullish
Platinum provides positive signal – Analysis – 23-9-2021
Platinum price faced strong positive pressures yesterday to notice forming bullish rally and surpass the main bearish channel’s resistance at 990.00 today, expecting to form new bullish rally and start targeting new positive levels that might extend towards 1028.00 and 1051.00.
Also, stochastic attempt to crawl towards the overbought areas will provide the price with new positive momentum to reinforce the attempt to confirm the domination of the bullish bias until recording the suggested targets.
The expected trading range for today is between 985.00 and 1028.00
The expected trend for today: Bullish
No change to copper price negativity – Analysis – 23-9-2021
Copper price didn’t move yesterday, to keep its negative stability below 4.4200 resistance line, affected by the moving average 55 forming additional barrier at 4.2700.
Therefore, we will keep waiting to gather the required additional negative momentum to reinforce the bearish track, to ease the mission of reaching the negative stations at 4.0500 and 3.8750.
The expected trading range for today is between 4.2800 and 4.0000
The expected trend for today: Bearish
Wheat price is recovering – Analysis - 23-09-2021
Wheat price breached 696.80 level strongly yesterday and heads towards testing 717.00 now, to turn to rise on the intraday basis, being aware that we need to monitor the price at the targeted level, as breaching it will lead the price to achieve more gains that reach 741.90.
Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 696.80 and holding below it.
The expected trading range for today is between 700.00 support and 720.00 resistance.
The expected trend for today: Bullish