EURUSD Price Analysis

Expected Scenario

The EURUSD price tests 1.0840$ level again and finds solid resistance there, waiting to get strong positive motive that assist to push the price to breach this level and confirm extending the bullish wave towards 1.0915$.

The EMA50 keeps supporting the expected bullish trend, which will remain valid unless breaking 1.0760$ and holding below it.

Expected Trading Range

Between 1.0760$ support and 1.0910$ resistance.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price shows more bearish bias to achieve our first extended target at 2.300$, waiting for more decline to visit 2.225$ followed by 2.100$ as next negative targets.
• The price falls under negative pressure formed by the MA55, and consolidating below 2.580$ represents key condition to the continuation of the expected decline, as breaching it might push the price to start recovery attempts and visit 2.830$ areas on the near-term basis.

Expected Trading Range

Expected trading range for today is between 2.250$ and 2.420$

Platinum Price Analysis

Expected Scenario

• Platinum price managed to breach 1015.00$ level and hold above it, to activate the bullish trend scenario and head towards achieving expected gains in the upcoming sessions, targeting 1042.00$ followed by 1075.00$ levels as next main stations.
• The MA55 supports the continuation of the expected bullish trend, while breaking 1015.00$ will stop the positive scenario and put the price under negative pressure that its targets begin by testing the first key support 983.55$.

Expected Trading Range

Expected trading range for today is between 1000.00$ and 1050.00$

Copper Price Analysis

Expected Scenario

• Copper price provided clear positive trades on last Friday to reach the thresholds of the key resistance 4.7000$, which forms solid barrier against the price, waiting to breach this level to confirm extending the bullish wave and achieve additional positive targets that reach 4.8200$ followed by 5.0000$.
• On the other hand, we should note that the consolidation of 4.7000$ against the positive attempts and breaking 4.5500$ will stop the expected rise and push the price to test 4.4000$ initially.

Expected Trading Range

Expected trading range for today is between 4.5000$ and 4.8000$