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Platinum price hovers near the initial target– Forecast today – 5-6-2025
Platinum price formed more bullish waves yesterday, to approach from the initial target at $1100.00 that represents a strong obstacle against the bullish attempts.
The unionism of the main indicators in providing positive momentum, besides the repeated stability above the support at $1055.00, we expect surpassing the current obstacle, to target more of the positive stations by its rally directly to $1125 reaching the next main target at $1060.00.
The expected trading range for today is between $1080.00 and $1125.00
Trend forecast: Bullish
Copper price attempts to confirm the positivity– Forecast today – 5-6-2025
Copper price kept its fluctuation above $61.8%Fibonacci correction level at $4.8100, attempting to reinforce the chances for resuming the bullish attack, note that surpassing $4.8900 level to surpass any obstacle and begin recording the positive targets by its rally at $4.9600 and $5.0300.
Stochastic approach from 80 level will increase the chances for gathering the required positive momentum to reach the suggested bullish stations.
The expected trading range for today is between $4.8000 and $4.9600
Trend forecast: Bullish
Ethereum (ETHUSD) shows more positive signs -Analysis-05-06-2025
The (ETHUSD) price rose in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a minor bias line, besides the reach of the (RSI) indicators to oversold levels, exaggeratedly compared to the price move, suggesting the beginning of forming a positive divergence, especially that the positive signals begin to appear currently.
Brent crude oil looks for a higher low -Analysis-05-06-2025
The (Brent) price declined slightly in its last intraday trading, attempting to look for a higher low to take it as a base that might assist it to gain the required positive momentum to recover and rise again, leaning on the support of its EMA50, which prevents ant extra losses, especially that the (RSI) indicators have reached exaggerated oversold levels compared by the price move, noticing the emergence of positive overlapping signals, which increases the surrounded positive momentum.