We notice several negative signals on the metal, whereas the price failed yesterday to keep trading above 1314.00 with a daily closing, and Linear Regression Indicator 34 and 55 crossed over negatively. Meanwhile, Stochastic achieved a negative crossover at line 50 and MACD is trading negatively. Therefore, the downside possibility is available today and will be related to the metal's ability to stabilize below 1296.60 in the upcoming period.
AROON Indicator is showing weakness in the bearish strength, but we will ignore that and expect a downside move as long as the price remain intraday stable below 1314.00, while a break above 1324.35 weakens these expectations.