Platinum price repeated providing strong positive pressures on the $972.00 level, which represents the extension of the broken bullish channel’s support, getting an advantage from its stability above the moving average 55, which increases the chances of entering the bullish channel’s levels again.
Confirming the breach makes us expect reaching 50% Fibonacci correction level at $984.00, and breaching this obstacle will extend the trading in the near period towards achieving extra gains that might begin at $994.00 and $1005.00.
The expected trading range for today is between $960.00 and $984.00
Trend forecast: Bullish
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Copper price confirmed breaching 50% Fibonacci correction level by its rally above $4.6600 level, to begin recording some of the waited gains by hitting $4.7800 level.
Note that stochastic attempt to exit the overbought level might force the price to provide some of the temporary sideways trading until gathering more of the positive momentum, reinforcing the chances for attacking the barrier at $4.8200, surpassing it will make the price achieve extra gains that might begin at $4.9000 and $4.9600.
The expected trading range for today is between $4.6800 and $4.8200
Trend forecast: Bullish
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The EURUSD declined in its last trading on the intraday trading, affected by the negative signals on the (RSI), after entering overbought levels to offload this overbought condition and gaining some short-term basis gains.
This intraday decline remains moving within a main bullish track on the short-term basis, keeping its trading alongside the main and minor trend line, supported by its stability above EMA50, which reinforces the overall bullish overview.
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