EUR/USD surged in latest intraday trading and managed to pierce the pivotal resistance of $1.0945, amid the dominance of the main upward trend, after the price exited a downward correctional price channel previously, embarking on a new upward wave.

Natural gas price was little changed yesterday in tight sideways trading, while facing the negativity of the Stochastic, as the price holds above the support of $3.750.

The positive signals and momentum would likely activate the positive trend towards $4.260 then $4.480.

Expected trading range today is between $3.880 and $4.260.

Today’s price forecast: Bullish

Platinum price declined below the 50% Fibonacci retracement level at $983, and tackled $955.60, and retested this barrier anew, while settling above the 55 SMA.

As major indicators conflict, the price will likely engage in sideways trading for some time, but a drop below the 55 SMA would activate the negative path and send the price towards $950.00, representing the 50% Fibonacci retracement level. 

Expected trading range today is between $950.00 and $985.

Today’s price forecast: Bearish 

Copper price started the morning with a negative stance in the Stochastic, thus tackling the support of $4.8100, which represented the next target in our previous analysis. 

The price is expected to engage in mixed trading, and could rush higher towards $5.0200 then $5.0800, but a breach of the aforementioned support would send the price towards $4.7200 then $4.5600.

Expected trading range today is between $4.800 and $5.0200.

Today’s price forecast: Bullish as the support holds