The pair retested 1.2990 again this morning, and remains below it, which keeps our suggested bearish trend expectations for today valid, being aware that breaching the mentioned level will open the gate of an upside rally that reaches towards 1.3145 – 1.3185

Expected trading range for today is between: 1.2725 support and 1.3000 resistance.

Expected trend for today: Bearish

Platinum achieved 1447.50 yesterday after surpassing the initial support level 1460.00 to settle in negative level below the previous support, thus we expect the continuation of platinum attempts to achieve bearish levels in the near and medium period if the main resistance level 1520.00 remains intact.

By the above chart we notice Stochastic stability in negative level which makes us wait for getting negative signal to continue in the bearish expectation reaching 1420.00 followed by 1400.00 as main targets for the negative trading.

Expected trading range is between 1460.00 and 1420.00

Expected trend for today: bearish

Copper trading continues in tight range after hitting 3.2500 in yesterday’s trading to notice forming bullish wave since morning, as copper contradicts with Stochastic which supports the bearish expectation by settling below 50 level.

Thus we prefer the sideways trading for today until breaking 3.2200 to reach the second and suggested target around 3.1200, carefully note that the continuation of the trading below the moving average supports the bearish bias in the near and medium period.

Expected trading range is between 3.3800 and 3.2200

Expected trend for today: sideway until surpassing the previous levels.

The pair declined to surpass the previously suggested targets by hitting 151.75 facing there 23.6% Fibonacci (rising from 137.70 reaching to 156.60) to notice that the price rebound towards the moving average.

Accordingly, we expect a sideways trading between 152.00 and the moving average around 154.20 until gaining the required momentum to achieve new negative level around 149.40, which represents 38.2% Fibonacci as appears in the above chart.

Expected trading range is between 154.20 and 152.25

Expected trend for today: bearish