Platinum price began forming bearish corrective waves since morning, affected by the stability of the barrier at $2460.00, to begin gathering some gains by reaching $2235.00.

Note that the continuation of the stability below the barrier, besides stochastic exit from the overbought level which might increase the efficiency of the corrective track, to target $2180.00 level, to attempt to test the support at $2090.00 level before any attempt to renew the bullish attempts.

The expected trading range for today is between $2180.00 and $2418.00

Trend forecast: Bearish 

Copper price ended its last trading by achieving big losses by reaching $5.8400, achieving the previously suggested targets, which forces it to form intraday rebound towards $5.6800 to gather some gains and attempt to gather positive momentum.

The stability above 161.8% Fibonacci extension level that forms an important support at $5.5100 that supports the continuation of the positive trading, to record new gains by its rally towards 5.9700.

The expected trading range for today is between $5.5500 and $5.9000

Trend forecast: Bullish

The (ETHUSD) price reinforced its gains on its last intraday trading, taking advantage of its trading above EMA50, with the emergence of positive signals from the relative strength indicators, preparing to attack the near key resistance at $3,070, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this bullish trend.

The (Brent) price reinforced its limited gains in its last intraday trading, taking advantage of its trading alongside bullish corrective trend line on the short-term basis, getting bullish momentum by leaning on EMA50’s support, which reinforces the chances of extending these gains on the near-term basis, especially with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence.