Platinum price activated the bearish correctional track in Friday’s trading after hitting the barrier at $1305.00, to gather some of the gains by reaching $1215.00 achieving the suggested initial target.

The continuation of the main indicators contradiction makes us keep preferring the correctional track, which might target $1185.00 and $1162.00 level, while renewing the bullish attempts requires providing positive closes above $1275.00 level, to increase the chances for reaching new bullish stations.

The expected trading range for today is between $1185.00 and $1260.00

Trend forecast: Bearish

Copper price ended its stability above 50% Fibonacci correction level that represents an extra support at $3.6600, increasing the chances of activating the bullish track again.

Stochastic attempt to provide positive momentum besides the moving average 55 approach from the mentioned extra support, we expect begin forming positive trading to press on $4.8900 level, then attempts to reach the next positive target near $5.0300.

The expected trading range for today is between $4.7000 and $4.8900

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), hitting the resistance of its EMA50, amid its affection by breaking a main bullish trend line on the short-term basis, which might put it under extra negative pressure with the reach of the (RSI) indicators to overbought levels.

The (Brent) price declined in its last intraday trading, witnessing an attempt to gather the gains of its last strong rises, and it is attempting to gain a positive momentum to assist it to breach the key resistance at $75.30, supported by its trading above its EMA50, with its trading alongside a main bullish trend on the short-term basis, noticing the emergence of positive overlapping signals on the (RSI), after it success in offloading its overbought condition, reinforcing its ability to begin a new strong bullish wave.