The pair declined to hit the neckline of the double bottom pattern at 153.75 to notice that the price gained positive momentum since the morning trading to settle around 154.10, thus we remain in our previous expectation to achieve 155.10 as an initial target followed by 155.80
Stochastic attempts to gain new momentum by falling to 35 level accompanied with the stability in positive level, we must mention that succeeding to break below the retest level will push the price to achieve negative bias reaching towards 152.00
Expected trading range is between 153.70 and 1550.10
Expected trend for today: bullish
Platinum trades in tight and sideways range recently, in spite of the stability below 50% Fibonacci around 1520.00, therefore we continue in our recent negative expectation to achieve 1460.00 followed by 1440.00 if the previous resistance level remains intact.
Stochastic touches 50 level attempting to achieve a positivity which supports the dominant sideways trading range until this moment, and we must note that breaching above the resistance level will push the price to achieve an upside level begin at 1580.00 which represents the moving average level.
Expected trading range is between 1520.00 and 1460.00
Expected trend for today: bearish
Copper attempts to achieve more gains in yesterday’s trading by breaching above the resistance 3.3000 to return to provide a close below this level, carefully note that breaching above this resistance will open the way towards getting rid of the negativity that was dominating recently to achieve positive levels towards 3.4500
We notice the stability of Stochastic negatively below 50 level to contradict with copper move towards attempting to breach, which makes us expect the sideways trading range for today due to the indicators conflict, therefore we recommend the neutrality until getting clearer image.
Expected trading range is between 3.2500 and 3.3800
Expected trend for today: neutral.
The pair provided positive trading yesterday to visit 0.9400 again, where it keeps the stability below it, which represents the most important intraday factor that keeps the bullish trend expectations valid.
Stochastic approaches from the overbought levels to support the negative overview which targets mainly 0.9200
Expected trading range for today is between: 0.9265 support and 0.9440 resistance.
Expected trend for today: Bearish