Platinum price confirmed its continuous surrender to the domination of the bearish bias by reacting to the negative pressures, to notice forming new decline and touch the first additional target at 932.50$.

Now, the frequent stability below 950.00 that forms additional barrier against the negative trades in addition to the continuous negative momentum coming by the major indicators allow us to expect forming additional negative waves that might extend towards 920.00$ soon, while breaking this level will push the price to 23.6% Fibonacci correction level at 908.00$ as a next negative target.

The expected trading range for today is between 920.00$ and 950.00$

Trend forecast: Bearish

Copper price continued to form strong negative trades yesterday, to notice achieving the negative target at 4.0300$ to press on the MA55 as appears on the chart.

We will depend on 4.2100$ level attempt to form additional barrier and expect to face continuous negative pressures to resume the decline by declining below 4.000$ and target additional negative stations that start at 3.9300$ followed by reaching the key support at 3.8200$.

The expected trading range for today is between 3.9300$ and 4.1400$

Trend forecast: Bearish

Ethereum price (ETHUSD) couldn’t manage to hold for long time above 3262.00$, to trade with clear negativity and head towards resuming the bearish wave on the intraday basis, targeting visiting 3042.50$ mainly.

Therefore, we expect to witness negative trades today, noting that breaching 3262.00$ will stop the expected decline and lead the price to resume the main bullish track again.

The expected trading range for today is between 3070.00$ support and 3300.00$ resistance.

Trend forecast: Bearish

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Bitcoin price (BTCUSD) bounced bearishly after the bullish rally that it witnessed on yesterday’s evening, to test the intraday bullish trend line that appears on the chart, waiting to lean on this support followed by resuming the bullish wave on the intraday and short-term basis, to head towards testing 94000.00$ areas as a next main station.

Therefore, we expect to witness new positive trades in the upcoming sessions, noting that breaking 88980.00$ will put the price under additional negative pressure that targets testing 84560.00$ areas before any new attempt to rise.

The expected trading range for today is between 88000.00$ support and 94000.00$ resistance.

Trend forecast: Bullish

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