GBPUSD attempts to breach through 1.4175 -50% Fib.- and trading below this level opens the door up towards 1.4095 and may be 1.40 later.
ADX is negative and moving averages continue to cover th bearishness from the topside. RSI also is near 30.00 but remains negative; thus, we will be bearish as far as 1.4255 hold.
Gold declined sharply, breaching through SMA20 at 1240.00, which may assist bears to target 1220.001219 and a break below these level will accelerate.
RSI attempts to hit 50.00, while ADX reflects the strength of the bearishness.
Oil failed to stabilize above 41.40 –Fib. Of 61.8%- and started to trade below SMA20
ADX shows increase in bearishness, while RSI fails to breach 50.00 levels and thus, we will be neutral, as we need a break below 40.00 or a move above 41.40 to follow through.
Platinum price settles positively above 950.00 level, to notice its attempt to reach 1000.00 level yesterday and confirm keeping the bullish bias domination, thus, we will keep waiting to reach 1020.00 target, reminding you that attempting to breach this level will open the way for more gains, starting from 1050.00 followed by 1110.00.
Stochastic rallies bullishly to settle above 50 level and provide the required momentum to resume the bullish attempts until reaching our first target.
Expected trading range for today is between 960.00 and 1020.00
Expected trend for today: Bullish