Natural gas price faced the negativity of the Stochastic by repeatedly holding within an upward channel, as the support of $3.750 held on, with the price marking some gains by touching $4.150.
The price is now in need of positive momentum to surpass $4.180 and open the door for more gains towards $4.260 then $4.480.
Expected trading range today is between $3.880 and $4.260.
Today’s price forecast: Bullish
Platinum price attacked the second negative target at $944.00 and tried to stall and bounce higher temporarily, and settle near $955.
Now with negative signals from major indicators and as $983 formed as a barrier, the price will likely extend its losses towards $935 then $920.00.
Expected trading range today is between $935 and $970.
Today’s price forecast: Bearish
Copper price gave in to negative pressures and fell below the stable support of $4.8100, and hesitantly approached $4.7400, delaying any attempts at rising even as the price remains within an ascending channel.
As the $5.000 forms as a barrier and negative signals emerge from the Stochastic, the price will likely head towards $4.6500 then $4.5600.
Expected trading range today is between $4.6500 and $4.9500.
Today’s price forecast: Bearish
EUR/USD price rose in latest intraday trading after a small bounce lower as the resistance of $1.1090 held its ground, with the price collecting profits and trying to vent off overbought saturation in the Stochastic to gather enough positive momentum to rebound, which is starting to happen already with some recovery taking place.
It comes amid the dominance of the main upward trend as the price trades alongside the short-term trend line, with ongoing positive support due to trading above the 50-candle SMA.
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