The pair remains trading in tight and limited range between the main resistance level around 157.00 for today and the initial support level 155.00 which breaking below it will support the domination of the bearish bias in the near period to achieve the moving average level as a first target for the bearish trading at 153.40.

The continuation of the trading below the main resistance supports the bearish overview, supported by the stability of Stochastic below 50 level as appears in the above chart to keep waiting for achieving 153.40 as a main target for the bearish trading.

Expected trading range is between 156.50 and 153.40

Expected trend for today: bearish 

The positive scenario is continued due to the stability of the mentioned levels in the previous report, noticing that the price attempts to settle below the moving average affected by the bearish and main bias for the current trading.

Therefore, we recommend the risky traders to continue in the bearish bias to achieve 1460.00 then 1440.00, while we recommend the daily trader to monitor the trading until getting rid of the dominant sideways trading.

Expected trading range is between 1498.00 and 1440.00

Expected trend for today: bearish 

Copper declined to break below the retest level at 3.2500 recording 3.2100 as appears in the above chart, generally the continuation of the trading below the moving average makes us stop the positive overview in the near period in order to monitor the current negative trading.

Stochastic provides bearish signals since the morning trading to settle below 50 level supporting the intraday negativity which makes us expect the trading between the moving average at 3.4000 and 3.1900 for today.

Expected trading range is between 3.1900 and 3.4000

Expected trend for today: bearish if the moving average settled.

The pair approached from our main target at 0.9770, to bounce lower approaching from the retest level of the previously breached resistance which turns now into support at 0.9595, and as long as the price is above this level, our intraday bullish trend will remain valid and active.

Stochastic interprets the reasons of the current negative pressure.

Expected trading range for today is between: 0.9595 support and 0.9770 resistance.

Expected trend for today: Bullish