The pair’s trading in its tight range between the initial support level 155.75 and the resistance 156.60 which represents an obstacle against achieving the top level for the bullish channel at 157.45, in case breaking below the initial support will be the initial target towards 154.1 followed by 152.75

Thus we recommend monitoring the trading until  breaching one of the mentioned levels to reach the previously suggested targets.

Expected trading range is between 157.40 and 154.10

Expected trend: neutral until breaching the mentioned levels in the report

Platinum negative trading was ended by visiting 1428.00 leading the price to return to be trading towards the moving average 55, to witness breaching above 1660.00 again affected by positive bias that is supported by Stochastic, which succeeded to breach above 80 level as appears in the above chart.

All the indicators supports the intraday positivity but we remind you that there is a strong obstacle around 1520.00 which confirms the continuation of the bearish bias domination generally, thus the bearish expectation remains valid if the previous resistance remained intact, and the price might move in sideway bias in the near period.

Expected trading range is between 1505.00 and 1460.00

Expected trend: bearish

Copper attempts continue to achieve the positivity conditioned by the stability above the moving average 55 at 3.2700, but the resistance barrier remains stable around 3.3800 to limit the trading between the resistance and the moving average as appears in the above chart.

In general, the negative bias remains preferred if the mentioned resistance settled to achieve 3.2700 then 3.1200, while in case breaching this level, there will be a new positive momentum will affect the trading to reach 3.4500 followed by 3.5250, thus we recommend the neutrality until breaching one of the mentioned levels to get clearer image.

Expected trading range is between 3.3800 and 3.2750

Expected trend: neutral

The pair shows sideways trading near 0.9700, while the price is attempting to gain some positive momentum to support resuming the bullish trend, which remains valid and preferred on the intraday and short term basis, as we are waiting for targets that begin at 0.9770 and extend to 0.9950

Holding above 0.9600 represents the most important intraday factor to protect our bullish overview.

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

Expected trend for today: Bullish