Platinum price surrendered to the dominance of the corrective bias dominance by breaking the extra support at $2045.00, to resume gathering the gains by hitting $1905.00 level.
Providing negative momentum by stochastic and forming extra barrier at $2090.00 level supports the dominance of the bearish corrective bias, which might target $1855.00 level, while regaining the bullish bias requires forming strong bullish waves, to settle above $2235.00 level.
The expected trading range for today is between $1860.00 and $2095.00
Trend forecast: Bearish
Copper price repeatedly forming weak trading, attempting to surpass stochastic negativity by its fluctuation above EMA50 at $5.5100, the continuation of the sideways bias dominance is expected until gathering the required bullish momentum to resume the bullish attack and achieving extra gains by its rally towards $5.8000 reaching the next resistance at $5.9700.
While the decline below the current support will force it to delay the bullish attack and form bearish waves, which forces it to suffer some losses by reaching $5.3200 followed by the base of the next sport at 5.1500 level.
The expected trading range for today is between $5.5500 and $5.8000
Trend forecast: Bullish
The (ETHUSD) price settled on limited gains on its last intraday levels, after gaining bullish momentum due to its lean on EMA50’s support, amid the dominance of minor bullish wave on the short-term basis, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, attempting to offload some of its overbought conditions, which reduced its last gains.
The (Brent) price settled in its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, reaching exaggerated oversold levels compared to the price movement, indicating a quick decline of the bearish momentum, amid the continuation of the positive support due to its trading above EMA50, under the dominance of bullish corrective wave on the short-term basis, with its trading alongside trend line.