The EUR/USD pair fell in latest intraday trading, amid the dominance of the downward correctional trend in the short term, while the price trades alongside the trend line, as a negative divergence forms in the Stochastic with negative signals emerging from it, bolstering the likelihood of decline.
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Natural gas price held above the support of $3.750 and started forming upward waves that sent the price to $3.940, with positive signals from major indicators, paving the way towards $4.085 initially, with a breach sending the price to $4.180 and $4.260.
Expected trading range today is between $3.850 and $4.085.
Today’s price forecast: Bullish as the support holds
Platinum price managed to surpass the barrier of $983.00 yesterday and reactivate the upward momentum, as the 55 SMA forms an additional support near $966.00, while the Stochastic sends out positive signals by exiting oversold levels.
The price will likely head towards $1000.00, thus heading additional targets such as $1017 and $1026 respectively.
Expected trading range today is between $975 and $1000.
Today’s price forecast: Bullish
Copper price wrapped up its upward surge temporarily after touching $5.3300, while collecting profits and settling near the previous psychological barrier of $5.000.
As the Stochastic settles below 50, the price will likely extend losses and target $4.9500, however, a renewal of the upward rush would require closing above $4.1800, sending the price to the next target at $5.4100.
Expected trading range today is between $4.9500 and $5.1300.
Today’s price forecast: Bearish