Germany- Continental settles above the support– Analysis – 05-6-2019
The continental price continued to face the negative pressures by providing repeated positive closes above the critical support at 119.40, to support our suggestion by renewing the bullish attempts, we should gather a new positive momentum that assists forming a strong positive rally, to surpass 133.45 level, then attempt to close the price gap that is represented at 145.70 level.
Any attempt to reach below the mentioned critical support, so that will confirm its surrender to the bearish bias domination, to expect suffering big losses by reaching 122.15 and 104.20.
The expected trading range for today is between 120.00 and 133.45
The expected trend for today: Bullish
Copper price gains positive momentum– Analysis – 05-6-2019
Copper price gained a new positive momentum by stochastic rally above 50 level, reinforcing the bullish suggestion, keeping its stability above the bullish channel’s support at 2.6300, therefore, we will keep waiting for renewing the bullish attempts that assists to record some of the positive targets that begin at 2.7200 reaching to 2.7800 in the medium period trading.
The expected trading range for today is between 2.6300 and 2.7200
The expected trend for today: Bullish
Platinum keeps the bullish correctional bias – Analysis – 05-6-2019
Platinum price continued to form bullish correctional waves, to move away from the support at 790.00, therefore, we will keep our positive expectation in the near and medium period, to wait for achieving the correctional targets at 840.00 reaching to the main bearish channel’s resistance at 880.00.
Note that the price attempt to reach below the current support and providing negative close will force it to form a strong negative trading, to suffer several losses by reaching 749.00 and 680.00.
The expected trading range for today is between 800.00 and 840.00
The expected trend for today: Bullish
The GBPJPY is without any change – Analysis – 05-6-2019
There is no change on the GBPJPY pair trading by its repeated fluctuation within the bearish channel levels, besides its stability below the extra resistance at 138.35, the price needs a strong negative momentum to resume the negative attack, which allows it to reach the main negative stations, that is located at 135.50 level reaching to 134.15.
Stochastic surpass to the oversold level forms the main factor for the current sideways fluctuation, to keep waiting for gaining the required extra negative momentum to resume the expected bearish attack.
The expected trading range for today is between 145.10 and 143.80
The expected trend for today: Bearish