The pair continues in its tight trading which allows the trading to settle above the moving average 55, which settles around the initial support at 128.50 to continue in our bullish expectation in the near and medium period to achieve 130.40 then 132.30

Stochastic conflicts with the main bullish bias by settling around 20 level as appears in the above chart to expect the continuation of the sideways bias until gaining positive momentum again to achieve the previously suggested targets.

Carefully note that breaking below the support level 128.50 will push the price to decline towards 126.50 which represents the main support for the pairs trading.

Expected trading range is between 132.30 and 132.30

The pair remains affected by the bearish wave achieving 152.70 and approaching from the initial support around 152.20 which makes us hold with the bullish bias if this level remained intact to achieve 155.80 in the near and medium period.

We notice the stability above the moving average 55 which supports the continuation of the bullish bias domination on the pair’s trading until this moment, also, Stochastic declines towards 20 level if the trading remains bullish which provides good momentum for the indicator to achieve more of the positivity in the near period.

Expected trading range is between 152.50 and 155.50

Expected trend for today: bullish

By the daily chart we notice the formation of short bearish wave attempting to get rid of the sideways trading range that dominates recently to move away from achieving the main resistance at 1525.00 recording 1475.00 which allows us to continue in our bearish trend expectation to achieve the first target at 1460.00

The expected targets remain valid around 1460.00 followed by 1440.00 reaching towards 1400.00 in the near period, supported by Stochastic decline around 50 level.

Expected trading range is between 1500.00 and 1440.00

Expected trend for today: bearish 

Copper continues in the attempts to breach the resistance if the price settled around 3.3000, therefore succeeding to breach will push the price to visit positive level that might reach towards 3.5000, while the stability of the resistance level makes the price return to the bearish bias to hit the moving average at 3.2200

Therefore, we continue in the bearish bias if the resistance level remains intact, while in case achieving the breach the negative expectations will ends and we will remain waiting for achieving the positivity.

Expected trading range is between 3.2200 and 3.3800

Expected trend for today: bearish if 3.3100 remains intact.