Platinum price faced new bearish pressures, to reach below the support at $1865.00, confirming its surrender to the previously suggested bearish trend dominance by reaching $1757.00.
The continuation of providing negative momentum by the main indicators will increase the efficiency of the corrective trend, to reach $1742.00 level, and surpassing it might extend the trading to $1680.00 and $1645.00.
The expected trading range for today is between $1680.00 and $1825.00
Trend forecast: Bearish
Copper price provided bearish corrective waves, affected by the stability below $6.6600 barrier, beside providing negative momentum by stochastic, approaching the extra support at $6.1000.
The continuation of the negative pressure might force it to break the current support, to confirm its readiness to target new corrective stations by reaching $5.9600 and$5.8200, while activating the bullish trend requires providing positive close above at $6.4800 level.
The expected trading range for today is between $6.000 and $6.3600
Trend forecast: Bearish
Ethereum rose in recent intraday trading, attempting to correct the short-term bearish trend. The price continues to move along a descending trendline, while remaining below the EMA50, which limits any sustained recovery and keeps the broader bearish pressure in place.
In addition, a negative divergence has formed on relative strength indicators after reaching deeply overbought levels, signaling weakening bullish momentum and suggesting that the recent upward move may be losing strength.
Brent crude oil rose in recent intraday trading, with the beginning of positive signals emergence of the relative strength indicators after reaching oversold levels, amid its trading alongside minor bearish trend line on the short-term basis, which reduces the chances of sustainable recovery in the upcoming near period, especially if it failed in breaching its key and near resistance levels.