Platinum price took advantage of the positive pressure, to keep forming bullish waves, approaching the initial target at $2245.00, forming a key barrier against confirming the main trend in near and medium trading.

Stochastic reach to the oversold level makes us expect motivating the price to breach the current barrier, to reinforce the chances of recording extra gains by its rally towards $2345.00 and $2465.00 initially, therefore, we recommend waiting for achieving the required breach to avoid any attempts to form corrective waves before reaching extra targets.

The expected trading range for today is between $2160.00 and $2345.00

Trend forecast: Bullish

Copper price activated again with the positivity of the main indicators, forming more bullish waves, approaching $5.9700 level which formed strong obstacle against confirming the continuation of the positivity in the last period.

We recommend waiting for breaching the barrier and holding above it to reinforce the chances of recording new gains, to expect forming initial target at $6.1200 level, to extend the trading towards $6.2400, while the failure of the breach will force the price to form bearish corrective wave, and there is a chance to target $5.7200 and $5.5100 level.

The expected trading range for today is between $5.8000 and $6.1200

Trend forecast: Bullish

The (ETHUSD) price witnessed strong gains on its last intraday levels, due to the stability of $1,800 key support, gaining bullish momentum that helped it to achieve these gains, to recover some of its previous losses, to reach EMA50’s resistance, which threatens these intraday bullish rebounds especially with the relative strength indicators reaching exaggerated overbought levels compared to the price move, indicating a gradual fading in the bullish momentum.

The (Brent) price moves in sideways range on its last intraday levels, attempting to gain bullish momentum that might help it to recover and resume its gains again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, besides the emergence of positive overlapping signals on relative strength indicators, after reaching oversold levels.