The pair’s price has continued to post positive closes above the support level located at 184.20, preventing attempts to shift toward a bearish path. It rebounded immediately afterward and is currently stabilizing near the 185.20 level.

We expect the price to remain confined within a temporary sideways range, with the 185.50 level forming an additional resistance barrier. Therefore, we remain neutral until the expected direction for the near and medium-term trading is confirmed. A break below the support level at 184.20 would force the price to resume corrective attempts, initially targeting the 183.55 level. Meanwhile, breaking above the resistance barrier and holding above it would increase the chances of recording further gains, with the price moving directly toward 186.00 and 186.45 respectively.

The expected trading range for today is between 184.20 and 185.50

Trend forecast: Neutral

The pair’s price touched the 212.45 level during Friday’s trading before beginning to form a positive rebound due to the continued conflict between the main indicators. It is currently stabilizing near the broken support level represented by 213.50.

The price may be forced to show mixed trading in the current period; however, the continued formation of the 214.25 level as an additional resistance barrier prompts us to wait for the price to gather further negative momentum, which is required to resume corrective attempts. The price may first target the 55-period moving average, currently located near 212.20, and then attempt to pressure the additional support level around 211.80.

The expected trading range for today is between 211.80 and 213.80

Trend forecast: Bearish

Platinum price returned to stabilize near the $1,655.00 level, affected by the negative pressures represented by the formation of the $1,780.00 level as an additional strong resistance barrier, along with the main indicators providing negative momentum during the recent period.

Based on the above, we expect the price to attempt to resume its bearish moves, which may target the stable support level at $1,605.00 in the near term. A break below this level could extend the losses toward $1,565.00 and $1,490.00.

The expected trading range for today is between $1,605.00 and $1,730.00

Trend forecast: Bearish

Copper price has recently shown slow sideways trading, maintaining its position near the $6.3000 level, affected by the ongoing conflict between the attempt of Stochastic to provide negative momentum and the positioning of the 55-period moving average below the current trading levels, as shown in the attached chart.

We remind you that the previously suggested bearish corrective scenario remains valid, based on the continuation of the $6.6000 level acting as a strong resistance barrier. This keeps the negative outlook in place, with the price likely targeting the $6.1000 level soon. A break below this obstacle would allow the price to reach further corrective stations, starting from $5.9200 and $5.8000 respectively.

The expected trading range for today is between $6.1000 and $6.4200

Trend forecast: Bearish