Platinum price remains stable above the support level 1560.00 to be trading calmly settled below the moving average 55, therefore, the positive trading remains valid but tighter until breaching above the moving average at 1620.00 to reach 1660.00
Stochastic breaches above 50 to approach from 80 supporting the positive overview that dominates copper’s trading.
Expected trading range is between 1620.00 and 1570.00
Expected trend: bullish
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Copper settles below the broken support level 4.5000 to settle around 3.4600 to keep the trading range tight, therefore we remain in our previous expectation to achieve 3.440 followed by 3.3400 if the price held below the broken level.
MoreThe pair opened yesterday’s trading positively, to activate our bullish trend expectations which its targets begin at 0.9500 and extend to reach 0.9615.
MoreThe pair’s trading bounced lower after approaching from the waited target yesterday at 0.8390, where the price is retesting now the previously breached continuous flag’s resistance, which turns now into support at 0.8245
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