The EURJPY pair confirmed moving to the bearish track by providing new negative close below the bullish channel’s support line at 161.95, to notice forming strong negative waves and touching 160.38 level, while stochastic provides the negative momentum to increase the negative pressures on the price and expect suffering additional losses that might extend towards 159.70 and 159.00 levels soon.

The expected trading range for today is between 161.30 and 159.70

Trend forecast: Bearish

Platinum price provided new positive close above 23.6% Fibonacci correction level at 908.00, to notice forming some bullish waves and settling near 918.00 level, to confirm the continuation of the previously suggested positivity.

Also, the major indicators provide the positive momentum to increase the efficiency of the bullish attack, to manage to reach the initial stations at 935.00 and 949.00 soon.

The expected trading range for today is between 910.00 and 935.00

Trend forecast: Bullish

Copper price lost the positive momentum on last Friday, to notice forming sideways fluctuation near 3.8800 level, attempting to hold above 38.2% Fibonacci correction level at 3.8500, to increase the chances of activating the expected bullish track.

Also, the MA55 provides the positive momentum to increase the chances of forming new bullish waves, to keep waiting to surpass 3.9200 and reach the first main target at 4.0200.

The expected trading range for today is between 3.8600 and 4.000

Trend forecast: Bullish

Wheat price traded positively again to attack 539.00, but it begins today with bearish bias to hint heading to resume the main bearish trend, supported by stochastic negativity, waiting to visit 500.00 as a next main target.

The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 539.00 followed by 550.00 levels and holding above them.

The expected trading range for today is between 520.00 support and 545.00 resistance.

Trend forecast: Bearish