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.

The pair made an attempt to breach above 0.9400 but it kept the stability below it, keeping the bearish trend scenario valid until now, waiting for targets begin at 0.9310 and extend towards 0.9200

Stochastic reaches the overbought levels reinforcing the expectations of resuming the decline.

Expected trading range for today is between: 0.9310 support and 0.9440 resistance.

Expected trend for today: Bearish