Platinum price surprised by a new obstacle at $1355.00, decelerating the chances of resuming the bullish attempts, which force it to form sideways fluctuation near $1345.00 level, by the above image we notice forming an important extra support at $1326.00 to reinforce the dominance of the bullish bias, increasing the chances for gathering the positive momentum in the current period.
Therefore, we will keep our bullish scenario depending on the stability of the extra support, to wait for breaching the extra barrier to open the way for achieving more of the gains by its rally towards $1383.00 reaching $1408.00.
The expected trading range for today is between $1335.00 and $1383.00
Trend forecast: Bullish
The (ETHUSD) price declined in its last intraday trading, affected by the stability of the current resistance level at $4,575, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to breach the resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels.
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The (Brent) price deepened its losses in its last intraday trading, to lean on bullish correctional trend line on the short-term basis, accompanied by its lean on the support of EMA50, intensifying the strength and importance of this area as a support, the price might find rising high, accompanied by the (RSI) reach to oversold levels, exaggeratedly compared by the price move, opening the way for forming positive divergence.
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The (silver) price declined in its last intraday trading, amid the stability of the current resistance at $38.70 level, attempting to gain bullish momentum that might assist it to breach this resistance, amid the continuation of the positive pressure that comes from its trading alongside a minor bias line on the short-term basis, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.
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