Platinum price failed to confirm the break of the sideways track at $5.2000, forming temporary bullish wave to settle near $1560.00.

We expect the confinement between the current support and $1605.00 level that represents the sideways track’s barrier, to keep waiting for surpassing one of these levels, to confirm the expected trend in the near period, reminding you that breaking the support and holding below it will confirm its readiness to target several corrective stations by reaching $1480.00 and $1440.00.

The expected trading range for today is between $1530.00 and $1585.00

Trend forecast: Sideways 

The (ETHUSD) price rose in its last intraday trading, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of a recovery on a short-term basis, especially with the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this trend, attempting to recover some of its previous losses, supported by the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels.

The (Brent) price settled with cautious rise in its last intraday trading, in an attempt to recover some of its previous losses, and attempting to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the main bearish trend and its trading alongside minor trend line on the short-term basis.

Silver price declined in its last intraday trading, due to the stability of the resistance at $52.00, this resistance was our expected target in our previous analysis, to attempt to gain bullish momentum that might help it breach this resistance, and attempts to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, to surpass the support of its EMA50, which may reduce the chances of the price recover in the upcoming period, amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis.