Natural gas price held above the support of $3.750 and started forming upward waves that sent the price to $3.940, with positive signals from major indicators, paving the way towards $4.085 initially, with a breach sending the price to $4.180 and $4.260.
Expected trading range today is between $3.850 and $4.085.
Today’s price forecast: Bullish as the support holds
Platinum price managed to surpass the barrier of $983.00 yesterday and reactivate the upward momentum, as the 55 SMA forms an additional support near $966.00, while the Stochastic sends out positive signals by exiting oversold levels.
The price will likely head towards $1000.00, thus heading additional targets such as $1017 and $1026 respectively.
Expected trading range today is between $975 and $1000.
Today’s price forecast: Bullish
Copper price wrapped up its upward surge temporarily after touching $5.3300, while collecting profits and settling near the previous psychological barrier of $5.000.
As the Stochastic settles below 50, the price will likely extend losses and target $4.9500, however, a renewal of the upward rush would require closing above $4.1800, sending the price to the next target at $5.4100.
Expected trading range today is between $4.9500 and $5.1300.
Today’s price forecast: Bearish
The EUR/USD pair settled higher in latest intraday trading and retested the pivotal resistance of $1.0820, which represents the neckline of a negative technical pattern that’s forming in the short term, the Double Top pattern, which is decisive in determining the upcoming direction.
Despite the latest gains, the price is still dominated by a downward correctional trend as it continues to trade below the 50-candle SMA, with selling pressures bolstered even further by a forming negative divergence in the Stochastic after reaching overbought levels compared to the price’s movements, sending out negative signals.
To get our more detailed analysis and 100% accurate signals provided by Best Trading Signal, subscribe to Economies.com VIP Club through the link below!