Platinum price began to receive negative momentum due to stochastic reach below 50 level, reinforcing the chances for activating the suggested negative attack, reminding you that the bearish scenario remains valid, depending on the continuation of forming extra barrier at $1005.00 level, to increase the chances for reaching the moving average 55 near $966.00, surpassing it will renew the pressure on the support at $950.00.

The expected trading range for today is between $965.00 and $1000.00

Trend forecast: Bearish

Copper price confirmed the continuation of the bearish scenario by providing a new negative close yesterday below $4.6600, which represents an extra barrier to its stability near 50% Fibonacci correction level.

Note that gathering the negative momentum in the current period is important to ease the mission of pressing on the barrier at $4.5000 level, and breaking it will open the way towards targeting negative stations, which might extend to $4.4500 and $4.3100.

The expected trading range for today is between $4.4500 and $4.6600

Trend forecast: Bearish

The (GBPUSD) price declined in its recent intraday trading, surpassing the support of its EMA50, facing negative pressure especially with the emergence of the negative signals on the (RSI), despite reaching oversold levels, amid the dominance of the bearish correctional trend on the short-term basis, to get ready to break the key support at 1.3260.

The (USDJPY) price declined in its recent intraday trading, attempting to gain positive momentum that might assist it to rise again, after the price rise due to the stability of the critical support at 145.90, where it found the rising bottom that assisted it to gain the positive momentum, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the dynamic support in its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.