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Platinum tries to achieve the positivity 5/3/2013
Platinum achieved stability above the support level 1560.00 as we expected in our previous report to notice achieving an initial positive level by reaching 1577.00 since the morning trading.
We keep our previous expectation to reach 1615.00 as an initial target for moving higher which represents the moving average level 55 as appears in the chart, noting again that the risks start in case breaking below the support level to open the way for reaching 1520.00
Expected trading range is between 1615.00 and 1560.00
Expected trend: bullish
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Copper retest 5/3/2013
Copper price achieved 3.4400 in yesterday’s trading to hit the initial suggested target level in our previous report, we notice that there is a formation of a correctional wave that makes the price able to retest the broken level near 3.5000
MoreUSD CHF retests 05/03/2013
The pair fluctuates around 0.9400 to retest it after succeeding to breach it previously, and affected by Stochastic negativity, while EMA50 remains supporting the price from below.
MoreNZD USD tests the resistance 05/03/2013
The pair closed yesterday’s trading with clear positivity and resumes this positivity today, where it is testing now the resistance levels that shown in the image between 0.8280 and 0.8290, where the last level represents a minor bearish channel resistance that might form a continuation bullish flag in case breaching it to the upside.
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