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Platinum returns to the bullish bias – Analysis – 1-8-2016
Platinum price returned to form bullish attack to notice providing positive close above 1135.00 level that forms the bullish channel's support, which confirms regaining the bullish momentum and expect to target 1165.00 level followed by moving towards 1195.00.
Stochastic rally above 50 level allows the price to gather the positive momentum to confirm the continuation of the positive pressure until reaching our targets.
Expected trading range for today is between 1135.00 and 1195.00
Expected trend for today: Bullish
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EURJPY affected by the indicators' negativity – Analysis – 1-8-2016
The EURJPY pair was affected by frequent negative pressures recently, formed by the moving average 55 stability above the current trades, besides stochastic reach to the oversold areas, thus, we will keep the bearish overview valid for the near term and medium term period, waiting to reach 113.00 level.
MoreCopper gains new momentum – Analysis – 1-8-2016
Copper price ended the negative fluctuation by leaning above 2.1500 level that forms the extension of the main support, to keep the positive domination until this moment, while we notice the price attempt to gather the bullish momentum by stochastic rally above 50 level, to support the bullish overview for the upcoming trading, waiting to reach 2.2800 followed by 2.3300.
MoreNatural Gas fluctuates within the bullish level – Analysis – 1-8-2016
Natural gas price provided clear positive trades recently to keep the positive stability above 2.550 support, while the price current fluctuation is caused by the attempt to gather the bullish momentum again, which confirms the attempt to reach the first target at 3.100.
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