The GBPJPY pair kept its negative stability below 184.35 barrier, forming some negative waves to press on the MA55 at 182.50, noting that the lack of the negative momentum might force it to provide some temporary sideways trades until succeeding to gather the additional negative momentum, to ease the mission of reaching the additional negative stations that might start at 181.80 and 181.10.

The expected trading range for today is between 183.30 and 181.80

The expected trend for today: Bearish

Platinum price touched the bearish channel’s resistance at 933.00 yesterday and settled below it, to keep the previously suggested negative track, noting that it is important to gather the negative momentum now to ease the mission of activating the negative attack and reach the initial negative stations near 905.00 and 880.00.

On the other hand, facing new positive pressures and rallying above the current resistance will cancel the negative overview, to expect forming many bullish waves to attempt to press on 50% Fibonacci correction level at 950.00, which surpassing it will open the way to resume the rise for the upcoming period.

The expected trading range for today is between 935.00 and 900.00

The expected trend for today: Bearish

Copper price failed to form any new positive rally by settling below 3.8800 barrier recently, to form new negative fluctuation by settling near 3.7600.

Also, stochastic attempt to provide the negative momentum by crawling below 50 level might increase the negative pressures on the price, to expect attacking the MA55 soon at 3.7200, while breaking this level allows us to expect moving to the bearish track again, to suffer more losses by moving towards 3.6600 first, followed by reaching 3.5000 in the medium term period.

The expected trading range for today is between 3.8000 and 3.7200

The expected trend for today: Bearish

Wheat price traded positively yesterday to surpass 617.40 level and settles above it, to achieve some intraday gains, noticing that stochastic loses its positive momentum clearly and shows overbought signals now, to form negative motive that we expect to push the price to decline again.

Therefore, the bearish bias will be expected for today, and the first target is located at 605.00, noting that the continuation of the rise and breaching 639.30 will push the price to resume the correctional bullish bias and achieve additional gains that reach 667.00.

The expected trading range for today is between 605.00 support and 635.00 resistance.

The expected trend for today: Bearish