The EUR/USD price fell in recent intraday trading, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-candle SMA, coupled with negative signals from the Stochastic despite reaching oversold levels.

Natural gas price was little changed as it stabilized below the $4.180 barrier, with the $4.050 level representing an extension to the support of the breached ascending channel, with the price now engaging in sideways trading near $3.920.

Our negative outlook holds for the time being, with the price potentially heading towards the support of $3.750, with a breach opening the door for more losses towards $3.650 then $3.520. 

Expected trading range today is between $3.750 and $4.050.

Today’s price forecast: Transiently Bearish

Platinum price closed lower once more below the 50% Fibonacci retracement level at $983, bolstering the odds of more losses as the price approaches the first target at $969.45.

As the Stochastic sends out negative signals, the price will likely head towards $963, then $950, however, a rush higher above $1000 would flip the scenario towards more gains, targeting $1017.

Expected trading range today is between $960 and $990.

Today’s price forecast: Bearish

Copper price touched $5.1380 yesterday and bounced lower, while maintaining its negative stability below the $5.1700 barrier, confirming its readiness to reactivate the negative path suggested previously.

The Stochastic also exited overbought saturation levels, raising the odds of negative correctional trading with the price likely targeting $4.9500, then $4.8900.

Expected trading range today is between $4.9500 and $5.1500.

Today’s price forecast: Bearish as the barrier holds