Platinum price closed lower once more below the 50% Fibonacci retracement level at $983, bolstering the odds of more losses as the price approaches the first target at $969.45.

As the Stochastic sends out negative signals, the price will likely head towards $963, then $950, however, a rush higher above $1000 would flip the scenario towards more gains, targeting $1017.

Expected trading range today is between $960 and $990.

Today’s price forecast: Bearish

Copper price touched $5.1380 yesterday and bounced lower, while maintaining its negative stability below the $5.1700 barrier, confirming its readiness to reactivate the negative path suggested previously.

The Stochastic also exited overbought saturation levels, raising the odds of negative correctional trading with the price likely targeting $4.9500, then $4.8900.

Expected trading range today is between $4.9500 and $5.1500.

Today’s price forecast: Bearish as the barrier holds 

The EUR/USD price fell in latest intraday trading, hurt by the formation of the Double Top pattern in the short term, which bolstered the negative outlook for the price, amid mounting negative pressures due to trading below the 50-candle SMA, coupled with negative signals from the Stochastic.

The GBP/USD price fell in latest intraday trading, amid the dominance of the downward correctional wave while the price is hurt by the negative Rising Wedge pattern, which formed in the short term, raising the odds of even more negative pressures.

The price’s negative performance comes after managing to vent off oversold saturation that was apparent in the Stochastic, opening the door for more gains towards the 50-candle SMA, which represented a strong resistance, as the price also retested the important resistance of $1.2950, forcing it downward.