The pair opened this morning’s trading on a strong positive note, as it is currently attacking the barrier at 185.80, attempting to find a breakout that confirms continued positive momentum in the short and medium term.

We note that repeated stability above the support level at 184.20, combined with the main indicators providing positive momentum, would increase the chances of achieving the required breakout. In that case, the price is expected to head directly to 186.65, and with continued upward pressure it may extend toward the next main target at 187.40.

The expected trading range for today is between 185.00 and 186.65

Trend forecast: Bullish

The pair continues to remain positioned within a positive trend so far, supported by the formation of the 213.50 level as the first key support. This has led to renewed attempts to reach the resistance near 215.50, in an effort to find a breakout path to resume the upward movement in the short to medium term trading.

Based on the above, we will remain waiting for the price to achieve the required breakout, which would increase the likelihood of targeting 216.10 and 216.65 initially. With continued positive factors, the movement could extend toward 217.50, which represents the first main target of the upward trend.

The expected trading range for today is between 214.00 and 216.10

Trend forecast: Bullish

Platinum price continued to form positive trading, benefiting from the formation of the $1640.00 level as a strong additional support, leading to its current attempt to attack the initial barrier at $1770.00, to find a path for further upward waves in the near term.

Note that the attempt of stochastic to provide positive momentum could push the price to surpass the current barrier, to expect reaching $1865.00, to attempt to test the main resistance located around $1922.00. On the other hand, failure to break out would force mixed trading, with a renewed chance of declining toward $1690.00.

The expected trading range for today is between $1720.00 and $1865.00.

Trend forecast: Bullish

Copper price activated since this morning’s trading to the positive signals from the main indicators, maintaining its position above the stable support level at $6.1000, as we notice the beginning of forming new upward waves that have settled it near $6.5000.

We reiterate that confirmation of the price’s readiness to resume the upward momentum will remain valid unless the resistance level at $6.6000 is broken. In that case, the price may shift into new sideways trading. However, a successful breakout and stability above this resistance would make it easier for the price to reach additional targets, which may start at $6.7800 and $6.9200.

The expected trading range for today is between $5.3500 and $6.6000

Trend forecast: Fluctuating