The pair ended its tight trading recently by breaching above 128.40 achieving bullish bias by visiting 130.35 to continue in our bullish trend expectation in the near period to achieve the main resistance level around 132.35.

Stochastic is supporting us by breaching above 80 level, to settle in the overbought level as appears in the above chart, where the stability of the main support level around 126.60 supports the bullish bias domination in the upcoming period.

Expected trading range is between 129.00 and 132.30

Expected trend for today: bullish 

The pair was affected by Friday’s trading to breach above 153.20 which represent breaching the double top pattern as appears in the above chart to achieve a new top level around 154.65, thus we expect more of the positive levels if the trading settled above 153.00 to reach the top level of the bullish channel around 155.80

Stochastic supports the bullish bias by breaching above 80 level to support our overview to achieve new levels around 155.10 followed by 155.80

Expected trading range is between 153.00 and 155.80

Expected trend for today: bullish

Platinum price remain stable generally below 50% Fibonacci around 1520.00 to keep our previous expectation to achieve the negativity at 1440.00 then 1400.00, as we notice the retest level that located around 1520.00 to support the strength of this level.

Carefully note that Stochastic conflicts with the decline signals by achieving 50 level as appears in the above chart, which makes us wait the end of the dominant sideways bias until achieving the negative targets in the near and medium period.

Expected trading range is between 1520.00 and 1460.00

Expected trend for today: bearish 

Copper achieved clear gains after it bounced sharply from the support level to hit the bearish channel’s resistance around 3.3000, where the stability of the resistance level makes us expect the price decline in the near period to touch the moving average level 55 at 3.200, while in case breaching above the channel’s resistance, then a new positive momentum will control the trading to achieve 3.5300.

We notice the stability of Stochastic in the overbought level which supports the sideways trading range if the resistance level settled until this moment.

Expected trading range is between 3.2000 and 3.3200

Expected trend for today: bearish if the resistance remains intact.