The pair’s price did not hold for long above the firm barrier at 185.80, affected by the negative US data, which forced it to postpone the bullish attack and form negative corrective waves, targeting the 184.60 level.

We highlight the importance of maintaining trading above the additional support level located at 184.20, as this would enhance the chances of the price renewing its bullish attempts by moving soon toward 185.50 and then resuming pressure on the previously mentioned barrier. However, a decline below the support and a negative close would force the price to incur additional losses, initially moving toward 183.55.

The expected trading range for today is between 184.35 and 185.80

Trend forecast: Bullish

The pair’s price maintained its position below the firm resistance at 215.50 during yesterday’s trading, forcing it to form several corrective waves by targeting the 213.15 level, before attempting to stabilize again above the initial support level located at 213.50.

The proposed scenario for today’s trading depends on the strength of the initial support. Holding above it will give the price an opportunity to renew the bullish attempts and reach some positive targets starting from 214.50 and 215.10 respectively. However, closing negatively below it will strengthen the dominance of the downward corrective bias, forcing the price to incur additional losses by moving toward 212.75 and 212.00 respectively.

The expected trading range for today is between 213.50 and 215.10

Trend forecast: Bullish

Platinum price maintained its recent trading position below the firm barrier at 1865.00$, confirming its commitment to the downward corrective attempts. It has slipped toward 1720.00$, approaching the first target suggested in the previous report.

We expect the price’s accumulation of negative momentum to renew the corrective attempts, as it tries to resume pressure on the firm obstacle at 1655.00$. If the required break occurs, trading may extend directly toward 1605.00$, reaching 1565.00$ consecutively.

The expected trading range for today is between $1655.00 and $1790.00

Trend forecast: Bearish

There are no new developments in copper prices so far, as they continue to stabilize repeatedly near the 6.3500$ level due to their continued trading below the firm resistance at 6.6000$. This increases the chances of the price soon moving into new downward corrective trades.

The continued negative momentum provided by the Stochastic indicator supports our expectation that the price will attempt to slip soon toward 6.2000$, and then pressure the support level located at 6.1000$, in an effort to find a path to resume corrective attempts during the short- and medium-term trading period.

The expected trading range for today is between $6.1000 and $6.5000

Trend forecast: Bearish