No news for Platinum price by its repeated fluctuations below the obstacle at $950.00, which forces it to provide weak sideways trading, delaying the waited bullish rally.

Note that stochastic attempt to reach the overbought level supports the chances for gaining positive momentum, to keep waiting for breaching the current obstacle to ease achieving the extra gains, which are located near $963.00 and$976.00, while the failure of the breach will confirm the domination of the sideways scenario, with a chance for retesting the initial support at $920.00 before any attempt to reach the previously suggested targets.

The expected trading range for today is between $935.00 and $963.00

Trend forecast: Bullish

Copper price resumed its bullish rally, to notice its approach from $4.5600 this morning, which represents 50%Fibonacci correction level for the last decline, which began from the top at $5.3200.

Note that the continuation of copper’s price stability below $4.5600 level as an important barrier might push it to delay the bullish attack, and providing new negative trading, to target $4.4300 and $4.3200, while breaching the barrier and holding above it will reinforce the chances for recording extra gains that might extend to $4.6800 and $4.7500.

The expected trading range for today is between $4.4300 and $4.5600

Trend forecast: Bearish

The EURUSD in its recent intraday trading, after previously succeeding in correcting an overbought condition that was evident in the Relative Strength Index (RSI). This healthy technical correction has assisted the pair to settle and prepare it for a new bullish wave, reflecting the strength of current positive momentum.

This comes amid the dominance of a main upward trend in the short- term basis, with trading along a rising trendline and continued positive pressure as it remains above the EMA50.

The GBPUSD price rose during its recent intraday trading, after witnessing slight rebound in previous moves, to gain profit and easing the clear overbought conditions shown by the Relative Strength Index (RSI). This healthy technical correction has restored positive momentum to the pair, allowing it to start recovering and moving upward confidently, supported by strong technical factors.

The pair is moving within a primary short-term uptrend along a trendline, with continued positive support, due to its trading above the EMA50.