The pair’s indicators conflicted, to get a bullish bias by Stochastic since the morning conditioned by the stability below the moving average 55, which supports the continuation of the price affection by the sideways trading until this moment.

In general, we remain in our bearish expectation if 128.90 settled to achieve 127.20 then 126.60 which represents the main target for the bearish trading in the near and medium trading, therefore we are waiting for building bearish wave to allow the price to begin achieving the suggested targets.

Expected trading range is between 128.70 and 126.60

Expected trend for today: bearish 

The pair trades in sideways range and limited since yesterday keeping the trading below 151.60, which represents the moving average 55 as appears in the above image, to remain in our expectation of achieving 149.90 as a main target for the bearish trading.

We notice forming bullish wave for Stochastic to contradict with the intraday bearish bias, which supports the continuation of the sideways trading, conditioned by the stability below 152.00 to visit the suggested target, while breaching above 1520.00 will push the price to achieve new positivity affected by the main bullish bias to reach 153.60

Expected trading range is between 152.00 and 150.00

Expected trend for today: bearish if 152.00 settled as a resistance level 

Platinum kept its stability below 50% Fibonacci which allows the trading to settle in tight range since yesterday’s trading, to keep expecting the correctional wave ending and waiting for the price return to the bearish bias again.

The waited targets remain valid around 1460.00 and1440.00 conditioned by the stability of the resistance level 1520.00 for the near and medium period, Stochastic remains around 20 level which supports the current sideways trading range until the price manage to reach the suggested targets.

Expected trading range is between 1520.00 and 1460.00

Expected trend for today: bearish

Copper’s trading settled below the moving average in yesterday’s trading, providing negative signal as expected hitting 3.1600 which forms the first target in the previous report, thus we continue in our bearish trading to reach 3.0500 then 2.9750 in the near and medium period.

Stochastic breaks below 20 level to support the negative bias as appears in the above chart, we remind you that the stability of the bearish channel’s resistance around 3.3200 today supports the continuation of the bearish bias domination on copper’s trading.

Expected trading range is between 3.2100 and 3.0500

Expected trend for today: bearish