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Platinum Price Awaits Negative Momentum – Forecast today – 31-7-2026
Platinum price formed a bullish wave during yesterday’s trading, targeting the $1,670.00 level, while maintaining its negative stability below the additional resistance barrier at $1,690.00. This confirms the price’s adherence to the bearish corrective scenario. Therefore, we emphasize the importance of gathering negative momentum during the current trading sessions, which would facilitate the move toward the initial corrective targets at $1,550.00 and $1,515.00, respectively.
However, if the price comes under renewed positive pressure and breaks above the $1,690.00 level, it would force the bearish attack to be postponed, giving the price an opportunity to achieve further intraday gains by moving toward $1,730.00, followed by the key resistance barrier near $1,790.00.
The expected trading range for today is between $1550.00 and $1680.00
Trend forecast: Bearish
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Copper Price Shows No Change – Forecast today – 31-7-2026
Copper price continues to move sideways in the intraday session, as it remains confined between the stable resistance barrier near $6.5100, while the $6.1000 level continues to form important support against attempts to resume the corrective decline. The price has remained stable since yesterday’s trading near the $6.4500 level.
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Ethereum (ETHUSD) declined during its latest intraday trading, amid negative signals from the relative strength indicators after reaching overbought territory. The price found support at its EMA50, attempting to build positive momentum that could help it recover and resume its upward movement, amid the dominance of the main short-term bullish trend, with price movements alongside a trendline that supports this path.
MoreBrent Crude Oil Price is Under Negative Pressure – Analysis – 31-07-2026
Brent crude oil prices declined during their latest intraday trading, amid continued negative signals from the relative strength indicators, while persistent negative pressure from trading below EMA50 is adding to the bearish pressure surrounding the price. This comes as a short-term bearish wave remains dominant, with the price also affected by its breaking bullish trendline previously.
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