Platinum prices forced to delay the negative trading due to the continuation of providing positive momentum by stochastic, fluctuating above the minor bearish channel’s resistance, to settle near $1640.00.

The price might manage to record some gains by its rally towards $1695.00, however it will not change the main bearish scenario due to its stability below $1745.00 barrier, while the decline below $1600.00 will force it to provide sharp negative trading, to target $1570.00 level reaching the next negative target near $1510.00.

The expected trading range for today is between $1600.00 and $1690.00

Trend forecast: Fluctuating within the bearish trend

Copper price remains stable until this moment below $6.3000 barrier, however the sideways fluctuation has been caused by the contradiction of the main indicators, which forces it to provide a new sideways fluctuation by their stability near $6.1500.

The price needs a new negative momentum to reinforce the chances of surpassing $6.1000 support, to confirm its readiness to resume the corrective attempts by reaching $5.8200 followed by the next support at $5.7100.

The expected trading range for today is between $5.9500 and $6.2300

Trend forecast: Bearish

(ETHUSD) declined slightly in its latest intraday trading, due to the stability of the resistance at $1,775, which was our last expected targets, with the beginning of negative overlapping signals’ emergence on the relative strength indicators after reaching overbought levels, and there is a possibility to form negative divergence.

On the other hand, the price is benefited from the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the bullish corrective trend on the short-term basis, so we might witness some bearish corrective rebounds to look for a new rising low, that might provide bullish momentum to help the price breach this resistance.

Brent crude oil settles on series of cautious gains in its recent intraday trading, attempting to recover some previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, noticing the beginning of negative overlapping signals emergence after reaching overbought levels, exaggeratedly compared to the price move, as a signals for the beginning of forming negative divergence that intensifies the negative pressure on the price.