The pair returns to form bullish wave to finish at the resistance level 156.70 to be trading in tight range between this level and the initial support 154.90 to find an access that allows the price to continue in medium term trading, therefore we are continuing in expecting the intraday negative by breaking the initial support to reach 153.10 as an initial target.

Stochastic moves positively in spite of the stability below the main bullish channel’s resistance, which supports the intraday sideways trading until it gains the required momentum to record the suggested targets.

Expected trading range is between 156.20 and 153.40

Expected trend for today: bearish

By the above chart we notice the sideways bias levels recently which is limited between the main resistance 1520.00 and the initial support 1460.00, therefore we recommend the neutrality in spite of the price affection by the main bearish bias until surpassing one of the previous levels.

Stochastic conflicts with the main bearish bias which supports the continuation of the sideways trading until surpassing the recent levels to visit the previously suggested targets around 1440.00 and 1400.00

Expected trading range is between 1520.00 and 1460.00

Expected trend for today: neutral

Copper declined as was expected to hit the retest level of the bearish channel at 3.2650 affected by Stochastic decline below 50 level, therefore the stability of the retesting level makes the price settles in positive range to achieve the moving average 55 at 3.4100, breaking below this level will push the price again to achieve strong negativity reaches towards 3.000

We recommend monitoring the price for today’s trading according to the previous factors to detect the near and medium term targets.

Expected trading range is between 3.2100 and 3.4100

Expected trend for today: bullish if the retest level remained intact

The pair resumed its rise sharply surpassing 0.9600 and settles above it, reinforcing our expectations for the continuation of the bullish trend on the intraday and short term basis, where we are waiting targets located initially at 0.9770

Note that Stochastic negativity might force the price for some sideways fluctuation and attempts to retest 0.9600 before resuming the bullish trend again.

Expected trading range for today is between: 0.9600 support and 0.9770 resistance.

Expected trend for today: Bullish