EUR/USD price rose in latest intraday trading after falling in earlier trading as it tested the important resistance of $1.1090, in an attempt to gather positive momentum that could help it breach that resistance, amid the dominance of the main upward trend as it trades alongside the short-term trend line.
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Natural gas price faced the negativity of the Stochastic by repeatedly holding within an upward channel, as the support of $3.750 held on, with the price marking some gains by touching $4.150.
The price is now in need of positive momentum to surpass $4.180 and open the door for more gains towards $4.260 then $4.480.
Expected trading range today is between $3.880 and $4.260.
Today’s price forecast: Bullish
Platinum price attacked the second negative target at $944.00 and tried to stall and bounce higher temporarily, and settle near $955.
Now with negative signals from major indicators and as $983 formed as a barrier, the price will likely extend its losses towards $935 then $920.00.
Expected trading range today is between $935 and $970.
Today’s price forecast: Bearish
Copper price gave in to negative pressures and fell below the stable support of $4.8100, and hesitantly approached $4.7400, delaying any attempts at rising even as the price remains within an ascending channel.
As the $5.000 forms as a barrier and negative signals emerge from the Stochastic, the price will likely head towards $4.6500 then $4.5600.
Expected trading range today is between $4.6500 and $4.9500.
Today’s price forecast: Bearish