Platinum price renewed the negative corrective attempts, affected by the negative factors that is represented by forming strong barrier at $2245.00 level, besides providing negative momentum by the main indicators, to reach the initial target at $1950.00.

We expect to provide mixed trading, but its stability below $2085.00 will increase the efficiency of the bearish corrective track, to keep waiting to break the $1950.00 level and begin targeting new stations by reaching $1880.00 and $1785.00.

The expected trading range for today is between $1880.00 and $2080.00

Trend forecast: Bearish

Copper price began forming corrective wave, moving away from $5.9700 barrier, noticing its fluctuations near the initial target by reaching $5.7000 level.

Note that the continuation of providing negative momentum by stochastic stability below 50 level will increase the negative pressure for today, to keep waiting for reaching extra support at $5.5100, to monitor its behavior due to the importance of this support to detect the near and medium period trading.

The expected trading range for today is between $5.5500 and $5.8500

Trend forecast: Bearish

The (ETHUSD) price rose in its last intraday trading, amid the continuation of the negative dynamic pressure due to its trading below EMA50, and under the dominance of the main bearish trend on short-term basis, with its trading alongside supportive minor trend line for this track, besides the emergence of negative signals from relative strength indicators, after reaching exaggerated overbought levels compared to the price move.

The (Brent) price slipped lower in its last intraday trading, to confirm breaking main bullish trend line on short-term basis, accompanied by surpassing EMA50’s support, to announce its momentum to continue the corrective decline on near-term basis, especially with the emergence of negative signals from relative strength indicators, despite reaching oversold levels, which might limit its intraday losses temporarily.