The GBPJPY pair resumed the correctional decline yesterday to achieve the target at 188.90, which forms key additional support to interpret the quick rebound towards 190.00.

We expect the price to show instability due to the contradiction between the major indicators, in addition to the positive stability above the current support, thus, we recommend to stay neutral and monitor the price behavior until providing confirmation signal for the next period.

The expected trading range for today is between 189.35 and 190.35

The expected trend for today: Neutral

Platinum price repeated the fluctuation above the additional support at 875.00, to notice forming weak sideways trades due to the lack of the required positive momentum to motivate the previously suggested bullish rally, while the sideways bias domination might extend until gathering the required momentum to ease the mission to reach the positive stations that might start at 893.00 followed by reaching the additional resistance at 904.00.

Note that facing new negative pressures and crawling below the mentioned support will force it to activate the negative track again, to force it to suffer additional losses by crawling towards 867.00 and 855.00 levels.

The expected trading range for today is between 875.00 and 890.00

The expected trend for today: Bullish

Despite copper price recent weak trades, the frequent closings below 3.8900 resistance line support the chances of renewing the negative attempts that might target 3.7800 soon, followed by reaching the initial support at 3.7300.

Succeeding to breach the resistance and holding above it will cancel the negative overview and start forming new bullish waves to attempt to target many positive stations by rallying towards 3.9200 and 4.0200 initially.

The expected trading range for today is between 3.8500 and 3.7800

The expected trend for today: Bearish

Wheat price shows new negative trades, facing weak positive momentum, noticing that the price is confined inside symmetrical triangle that appears on the chart, and we prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 565.80 support or breaching 583.70 resistance.

Note that breaking the mentioned support will push the price to resume the main bearish trend and achieve negative targets that start at 549.70, while breaching the resistance represents the key to start recovery attempts that target testing 593.00 followed by 605.00 levels as next main stations.

The expected trading range for today is between 565.00 support and 580.00 resistance.

The expected trend for today: Neutral