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Coca-Cola dominated by descending wave - Analysis - 11-10-2019

Economies.com
2019-10-11 14:38PM UTC

Coca-Cola's stock fell while hurt by piercing the main trend line, and suffering from the 50-day SMA, with negative signals from the RSI, readying to pierce 53.39. 

 

Therefore we expect more losses, targeting the next support at 51.55. 

 

Expected trend for today: Bearish 

Copper price achieves the targets – Analysis – 11-10-2019

Economies.com
2019-10-11 10:27AM UTC

Copper price rallied upwards strongly to record the waited targets by touching 2.6200 level, while the stability above 38.2% Fibonacci correction level and gathering new positive momentum allows us to expect targeting new levels that might start at 2.6515 followed by 2.6810.

 

The expected trading range for today is between 2.5950 and 2.6515

 

The expected trend for today: Bullish

Platinum still confined – Analysis – 11-10-2019

Economies.com
2019-10-11 10:27AM UTC

No news for Platinum price that keeps fluctuating within the negative range, represented by 915.00 resistance and 845.00 key support, expecting the continuation of the price mixed fluctuation until testing the current support to complete the previously suggested correctional bearish attempts.

 

We should note that any attempt to rally above 915.00 and providing positive close will cancel the negative overview and start forming strong bullish trades to repeat the pressure on 962.00 followed by attempting to reach 1025.00 that will form the first positive target of the bullish bias.

 

The expected trading range for today is between 915.00 and 850.00

 

The expected trend for today: Bearish

The GBPJPY returns to the bullish track – Analysis – 11-10-2019

Economies.com
2019-10-11 10:27AM UTC

The GBPJPY pair faced strong positive pressures yesterday to notice rallying above 133.50 level and settles within the bullish channel that appears on the chart, recording the first target by touching 135.44.

 

The stability of the bullish channel’s support line at 133.80 allows us to suggest more bullish attempts to provide good chances to record some targets by moving towards 136.70 followed by 137.65 levels.

 

The expected trading range for today is between 134.60 and 136.70

 

The expected trend for today: Bullish