Platinum price formed strong bullish trading, achieving big gains by hitting $1495.80 level, to form a new historical level, which forced it to form sideways fluctuated moves by its stability near $1480.00.
Depending on forming an extra support at $1440.00 level, providing positive momentum by the main indicators makes us expect resuming the rise to record extra gains that might extend towards $1515.00 and $1543.00.
The expected trading range for today is between 41460.00 and $1515,00
Trend forecast: Bullish
The (ETHUSD) price declined in its last intraday trading, amid the dominance of minor bearish wave on the short-term basis and its trading alongside bias line, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressures, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to break the support level at $4,100.
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The (Brent) price declined in its last intraday trading, gathering the gains of its previous rises, attempting to offload some of its overbought conditions on the relative strength indicators, with the emergence of negative overlapping signals, to gather its positive strength that might help it to recover and rise again, amid the dominance of strong minor bullish wave, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances for the price recovery in the upcoming period.
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The (silver) price settled lower in its last intraday trading, attempting to gather its previous rises, and looking for a higher low to take it as a base that might help it to gain the required positive momentum on the relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the dynamic pressure due to its trading above EMA50, reinforcing the chances for the price recovery, especially with the full dominance of the main bullish trend on the short-term basis and its trading alongside trend line.
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