The pair succeeded to break the initial support level around 155.80 to begin its correctional and expected trip to visit 154.25 which represents the moving average55 then 182.85, and the price needs a strong momentum to reach the suggested targets, hence Stochastic reached the oversold levels as appears in the above chart.

Therefore, hitting 156.05 as a retest for the broken level is possible until gaining the required momentum to achieve the suggested targets.

Expected trading range is between 156.05 and 154.25

Expected trend for today: bearish

By the daily chart we notice the stability of the price below the main resistance1520.00 which is supported by 50 % Fibonacci in spite of Stochastic attempts to form bullish bias, therefore the price remains affected by the negative bias generally in spite of the recent dominant sideways trading.

Accordingly we remain in the bearish expectation if the resistance level settled to reach 1425.00 then 1400.00, we must mention that Stochastic track might attract the price towards the resistance to form short term bullish bias before reaching the suggested targets.

Expected trading range is between 1500.00 and 1430.00

Expected trend for today: bearish

Copper trading continued due to the stability of the price between the moving average 55 and the main resistance level 3.3800 to keep the price limited waiting for a breach signal above one of the previous levels.

Thus we remain neutral today due to the tight trading range and the contradiction between Stochastic which settles below 50 level in spite of forming bullish wave recently, we remind again that breaching above the resistance will push the price towards positive level to 3.4300 then 3.5200, while breaking below the moving average will makes the price decline again towards 3.3200 then 3.1200

Expected trading range is between 3.3800 and 3.2800

Expected trend for today: neutral

The pair continues its sideways trading, keeping its stability above 0.9600, while it finds a difficulty to get a daily close above 0.9700

In general, we are continuing in preferring the intraday and short term bullish trend, depending on breaching the resistance that appears in the dashed line in the above image, reminding you that our targets begin at 0.9770 then go further towards 0.9950.

Expected trading range for today is between: 0.9600 support and 0.9800 resistance.

Expected trend for today: Bullish