The trading remained stable below the main resistance level around 133.00 the waiting for forming correctional bias to reach the support level that accompanied with the moving average 55 at 130.20 as appears in the above chart.

We notice that the price is within the ascending triangle pattern which provides negative signals to break the triangle’s support to provide negative trading reaching towards 128.90 in the medium period.

Stochastic provides negative signals by settling below 50 level to support our correctional bias in the upcoming period.

Expected trading range is between 132.40 and 130.50

Expected trend for today: bearish.

The tight range remains dominating the pair’ s trading keeping the levels stable against the price move towards 157.15 as a main resistance and at 155.60 as an initial support level, thus we recommend waiting until breaching above the previous levels, reminding you that the possibility of a bearish bias is valid if the main resistance remained intact.

Stochastic provides bearish signals by hitting 50 level but we recommend waiting until breaking below the initial support reaching towards 154.00 followed by 153.85 which represents the moving average level 55.

Expected trading range is between 157.10 and 154.00

Expected trend for today: bearish.

In spite of the dominant sideways trading, the price provides negative signal by settling below the moving average 55 recording 1470.00 since the morning trading, therefore we remain in our bearish expectation to visit 1460.00 as a first target which by breaking below it then the second target will be around 1440.00

All the indicators support the expected negativity, as Stochastic supports the moving average by forming bearish bias through settling below 50 level providing a clear momentum to hit the suggested targets.

Expected trading range is between 1490.00 and 1440.00

Expected trend for today: bearish.

Copper price remains trading negatively by settling below the initial resistance 3.3800 as appears in the above chart but without achieving new levels to stay waiting for achieving the previously suggested targets around 3.1500 and 3.0000

Stochastic is supporting our bearish overview by settling below 50 level to provide the required negative momentum to achieve the waited targets.

Expected trading range is between 3.1700 and 3.3700

Expected trend for today: bearish.