Platinum price ended the positive attack by hitting $1725.00 level, to form extra barriers to force it to activate the attempts of gathering gains by reaching $1632.00.
Forming extra support at $1605.00 level by stochastic fluctuation near 80 level makes us expect renewing the bullish attempts, to repeat the pressure on $1695.00 level, then attempts to reach the next main target at $ 1745.00, while its decline below $1605.00 and providing negative close will increase the efficiency of the bearish corrective track, to expect reaching $1575.00 before any attempt to reach the suggested extra targets.
The expected trading range for today is between $1610.00 and $1710.00
Trend forecast: Bullish
Copper price recorded some gains by hitting $5.2600 level, to bounce below $5.2000 level again, forcing it to form mixed trading with its stability near $5.1400.
The last rebound will not threaten the bullish scenario due to the stability within the extra bullish channel’s levels, for the continuation of forming initial support at $4.7500 level, therefore, we will keep our bullish expectation that may target $5.3200 level reaching the next main target at $4.5000.
The expected trading range for today is between $5.0600 and $5.3200
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, amid the continuation of the dynamic negative pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend, especially with its trading alongside minor trend line on the short-term basis, attempting to recover some previous losses, and attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there.
The (Brent) price declined in fluctuated moves on its last intraday levels, amid the continuation of the positive support due to its trading above EMA50, affected by exiting minor bearish channel’s range that limited its trading on the short-term basis, on the other hand, we notice the emergence of negative signals on the relative strength indicators, after reaching overbought levels, leading to fluctuated movement.