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Platinum is above the support 6/3/2013
Platinum remains in its positive level by settling above 1560.00, which represents the initial support level for the current trading.
The price reached 1590.00 which makes us continue in our positive expectation to achieve 1620.00 followed by 1665.00.
Stochastic provides positive signals by surpassing the oversold level to support the current expectation.
Expected trading range is between 1620.00 and 1570.00
Expected trend: bullish if the support level remains intact.
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Copper settles below the support 6/3/2013
Copper attempted to breach above the broken support level at 3.500 in yesterday’s trading as appears in the chart, to settle with a daily close below the support level.
MoreUSD CHF continues to fluctuate 06/03/2013
The pair remains hovering around 0.9400 which represents the positive factor that keeps the positive scenario valid, but Stochastic negativity makes the tight range fluctuation remains valid.
MoreNZD USD rallies to the upside 06/03/2013
The pair succeeded to breach above the minor bearish channel’s resistance to activate the positive effect for the continuance flag pattern, therefore the bullish trend will be preferred to retest the previously broken main support which turns now into resistance at 0.8380
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