Coffee prices repeatedly provided positive closes above the main support level of 275.90, activating with stochastic positivity by forming a new bullish rally, to settle near 292.70.

The continuation of providing positive momentum by the main indicators will reinforce the chances of reaching towards the barrier at 301.00, and surpassing it will confirm its readiness to recover new gains that might begin at 307.10 reaching %78.2 Fibonacci correction level at 316.75.

The expected trading range for today is between 283.00 and 307.10

Trend forecast: Bullish

Since yesterday’s trading, the pair has resisted negative pressure caused by the stochastic indicator slipping below the 50 level. We now observe a new positive close above the support at 210.60, followed by the formation of upward waves, bringing the price closer to the first target at 212.10.

We emphasize the importance of the price gathering positive momentum to maintain stability above 212.35, which would confirm readiness to target new bullish levels starting at 213.00 and 213.65. However, failure to hold above this level may reactivate the corrective bearish path, pushing the price down first toward 210.60. A break below this support could lead to further losses, targeting 209.45 and 209.00.

The expected trading range for today is between 211.30 and 213.00

Trend forecast: Bullish

Platinum price was influenced by yesterday’s trading, gaining additional positive pressure as the stochastic indicator surged toward overbought levels. This forced the price to delay the expected bearish corrective move and achieve some gains, currently advancing toward $2170.00, where it faces the 55-period moving average.

We expect the price to form some sideways trading. If it remains below the barrier at $2210.00, it may start forming new bearish waves, attempting to reach $2080.00 and then $2015.00. On the other hand, a return to an upward trend would require a positive four-hour close above $2245.00.

The expected trading range for today is between $2080.00 and $2200.00

Trend forecast: Bearish

Copper price once again yielded to the stability of the additional support level at $5.5100, prompting it to form new upward waves and stabilize near the $5.7600 level, thereby postponing the previously expected corrective decline

The continued conflict among the main indicators is likely to push the price toward mixed and unstable trading. It is worth noting that repeated stability below the barrier at $5.9700 encourages us to wait for the price to gather additional negative momentum, which would make it easier for it to move toward $5.5100. A break below this support could extend the corrective decline toward further levels, starting at $5.3900 and then $5.2200.

The expected trading range for today is between $5.6200 and $5.8800.

Trend forecast:Sideways