The pair attempted to achieve positive levels yesterday to notice the price return to settle near the initial support level around 152.90 for today, keeping the trading stuck between the mentioned support and 154.70, therefore we recommend the neutrality for today until getting clearer image to detect the targets in the near period.

Stochastic attempts to form bearish wave by settling below 80 level, which supports the indicators contradiction if the trading settled above the moving average 55 as appears in the above chart.

Expected trading range is between 152.00 and 154.00

Expected trend for today: neutral

Platinum trading settled above the initial target level at 1460.00 to return to be trading in tight range below the main support 1520.00 which supports the sideways trading until breaching one of the previous levels.

Carefully note that breaching above the resistance level support the return to the bullish bias to achieve 1595.00, while the stability of the resistance level in the near and medium period supports achieving the previously suggested targets to remain within the dominant bearish trend in order to achieve 1460.00 followed by 1440.00

Expected trading range is between 1520.00 and 1460.00

Expected trend for today: sideways

Copper succeeded yesterday to breach above the resistance level at 3.3100 to record 3.3850 approaching from the moving average 55 as appears in the chart, attempting to get rid of the negative bias and remain within intraday bullish bias in the near period.

Accordingly, the continuation of the price attempts to form bullish bias is conditioned by the stability above 3.2400 to achieve 3.4200 which represents the moving average 55, Stochastic settles within the overbought level, and that supports the steadiness of the positive trading for today.

Expected trading range is between 3.2800 and 3.4000

Expected trend for today: bullish 

The pair managed to retrieve its bearish bias after the steadiness of 0.9400 against the price’s attempts to rise, and the trading below the EMA50 reinforces these expectations, while Stochastic provides clear negative signals that support the suggested decline.

Our main targets begin by surpassing 0.9275 to reach 0.9200; reminding you that holding below 0.9400 is important to keep the chances of achieving these targets.

Expected trading range for today is between: 0.925 support and 0.9400 resistance.

Expected trend for today: Bearish