Natural gas price was little changed yesterday in tight sideways trading, while facing the negativity of the Stochastic, as the price holds above the support of $3.750.
The positive signals and momentum would likely activate the positive trend towards $4.260 then $4.480.
Expected trading range today is between $3.880 and $4.260.
Today’s price forecast: Bullish
Platinum price declined below the 50% Fibonacci retracement level at $983, and tackled $955.60, and retested this barrier anew, while settling above the 55 SMA.
As major indicators conflict, the price will likely engage in sideways trading for some time, but a drop below the 55 SMA would activate the negative path and send the price towards $950.00, representing the 50% Fibonacci retracement level.
Expected trading range today is between $950.00 and $985.
Today’s price forecast: Bearish
Copper price started the morning with a negative stance in the Stochastic, thus tackling the support of $4.8100, which represented the next target in our previous analysis.
The price is expected to engage in mixed trading, and could rush higher towards $5.0200 then $5.0800, but a breach of the aforementioned support would send the price towards $4.7200 then $4.5600.
Expected trading range today is between $4.800 and $5.0200.
Today’s price forecast: Bullish as the support holds
EUR/USD price surged in latest intraday trading, confirming its exit from a descending correctional price channel in the short term, while also shaking off negative pressure from the 50-candle SMA, regaining its footing amid the dominance of the main upward trend, while readying to tackle the pivotal resistance of $1.0945.
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