Copper

[Samirofi]

Copper in tight level again 15/1/2014



Copper couldn’t breach 3.3800 to return to provide a sideways bias by its limitation between the moving average 55 around 3.2700 and 3.3800 which represents an initial resistance against the bullish trading, therefore we continue expecting the sideways trading for today until gaining new momentum to support achieving the previously suggested targets.


Stochastic returns to build a reversal candlestick by settling below 50 level which supports the sideways trading for today.


Expected trading range is between 3.2700 and 3.3800

Expected trend for today: sideways

[Samirofi]

Copper needs positive momentum 20/1/2014



The sideways range continued to dominate copper price recent trading, which keeps the price within this range until now as long as 3.3800 initial resistance remained intact, that blocks the price from reaching new positive levels, thus, we still need to wait getting the required momentum to start reaching the previously mentioned targets.

Expected trading range is between: 3.3000 and 3.4400

Expected trend for today: Bullish

[Samirofi]

Copper fails to make any change 21/1/2014



The sideways bias still dominates copper trading until this morning, to settle inside this sideways range, while we keep monitoring the trading until the price being released from this range and we still waiting to reach the targets mentioned in our previous reports.

Expected trading range is between: 3.3100 and 3.3800

Expected trend for today: Sideways

[Samirofi]

Copper below the moving average 27/1/2014



Copper price settles recently by placing 3.2475 level to notice the stability of the moving average as a resistance for the bearish trading around 3.3000, which makes us expect more negativity in the upcoming period until reaching the main support level around 3.1950

Stochastic attempts to break below 20 level to reach the oversold levels, which supports our bearish overview and wait reaching the mentioned target.

Expected trading range is between: 3.2800 and 3.2000

Expected trend for today: Bearish

[Samirofi]

Copper negotiates the support 3/2/2014



Copper price made an initial break for 3.1900 support line after touching 3.1700 on Friday, to reach the waited target in our previous report, and continue expecting the negative bias domination in the upcoming period due to stochastic continuation of moving in the oversold area, awaiting to reach 3.1600 level.

Note that the waited target around 3.1600 forms 23.6% Fibonacci level which breaking it will open the way for extend bearish trading that reach 3.1000 followed by 3.0200 in the upcoming period.

Expected trading range is between: 3.2100 and 3.1600

Expected trend for today: Bearish

[Samirofi]

Copper within tight range 4/2/2014



Copper price managed to break 3.1900 support to find 23.6% Fibonacci level holds against the bearish attempts, to be limited between the mentioned levels as appears on the image, waiting to get new momentum to breach these levels.

We remind you that breaking 23.6% Fibonacci level at 3.1600 will support the bearish attempts extension towards 3.1200 followed by 3.0500, while we need to monitor the trading now until getting the required momentum to move to the mentioned targets.

Expected trading range is between: 3.1200 and 3.1600

Expected trend for today: Sideways

[Samirofi]

Copper settles above the support 5/2/2014



Copper kept the stability above the critical support level around 3.1600 to notice forming a positive wave achieving 3.2000 since this morning trading, and the continuation of the critical support will make us expect forming a positive bias in the near period to continue the price attempt to achieve 3.2200


Stochastic attempts to support the intraday positivity by surpassing the oversold level to support the price attempt to achieve the suggested target which breaching above it will open the way for renewing the positivity to achieve 3.2900

Expected trading range is between 3.1600 and 3.2200

Expected trend for today: fluctuating positively if the support level settled

[Samirofi]

Copper fluctuates 6/2/2014



Platinum trading settles in sideways range below the main bearish channel’s resistance level to keep holding 1375.00 level until this moment due to its neediness to the negative momentum which supports achieving negative levels as expected in the previous report, and generally, we keep our bearish expectation if 1392.00 settled until getting the required momentum which supports achieving 1340.00 n the upcoming period.

Expected trading range is between 1390.00 and 1345.00

Expected trend for today: bearish

[Samirofi]

Copper fluctuates 11/2/2014



Copper returned to provide a negative fluctuating bias achieving 3.2000 in spite of the stability of Stochastic positively, to settle generally above the main support which is located near 3.1600 to remain waiting for gathering new momentum that supports our bullish expectation in the upcoming period, until achieving 3.2800 as an initial target for the bullish trading.

Expected treading range is between 3.1900 and 3.2600

Expected trend for today: bullish if the main support settled.

[Samirofi]

Cooper needs positive momentum 12/2/2014



Copper trading keeps forming a fluctuating bias if the price settled above the main support, which makes the positive expectations remain valid until gaining new positive momentum to support its rally to record 3.2800 in the upcoming period, to face the moving average 55 as appears in the above image.

Stochastic attempts to get rid of the overbought level which pushes the price to form a sideways fluctuating bias until gathering the required positive momentum to rally towards the suggested target.

Expected trading range is between 3.1900 and 3.2600


Expected trend for today: bullish