Platinum price kept its fluctuation below $1605.00 barrier, forcing it to provide new nixed trading by its continued fluctuation near $1580.00, reminding you that the stability above the sideways track’s support at $1520.00 and the continuation of providing positive momentum by the main indicators, these factors make us keep the bullish suggestion, to expect surpassing the current barrier by recording new gains by its rally towards $1642.00 and $1660.00.
While the decline below the current support and providing negative close, will confirm activating the bearish corrective track, to expect suffering several losses by reaching $1485.00 reaching the next support at $1440.00.
The expected trading range for today is between $1545.00 and$1642.00
Trend forecast: Bullish
Copper price remains needs bullish momentum to force it keep providing mixed trading with the positive that depends on the stability of the support at $4.7500, and the mixed trading mat continue until gathering positive momentum that depends on the stability of the support at$4.7500, which allows it to achieve some gains by its rally towards $5.1200, then attempts to surpass the barrier at $5.2000 to find an exit for resuming the rise and reaching new stations that might begin at $5.3200.
While the decline below the previously mentioned support will confirm activating the bearish corrective trend, which forces it to suffer some losses by reaching $4.5500 followed by the moving average 55 near $4.4400.
The expected trading range for today is between $4.900 and $5.2000
Trend forecast: Bullish
The (ETHUSD) price settled in its last intraday trading, breaking bullish corrective trendline on the short-term basis, accompanied by breaking the key support at $3,500, this support represents technical negative formation that formed previously ( the double top pattern), intensifying the negative pressure that forced to surpass the support of its EMA50, which reinforces the chances of extending its losses on the near-term basis.
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The (Brent) price declined in its last intraday trading, affected by testing $65.15 resistance, to gather the gains of its previous rises, and attempts to gain bullish momentum that might help it to breach this resistance, besides its attempt to offlaod its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the continuation of the dynamic support that is represented by its trading above EMA50, affected by positive technical formation on the short-term basis (the falling wedge pattern)
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