Platinum price recorded some of yesterday’s gains by hitting $1362.00 level, but its neediness for positive momentum pushed it to decline below $1355.00 barrier, to reach $1342.00, to face the moving average 55.
The contradiction between the main indicators might force the price to provide intraday mixed trading, to keep waiting for gathering the positive momentum to confirm breaching the barrier and reaching the positive targets near $1383.00 and $1398.00.
The expected trading range for today is between $1340.00 and $1383.00
Trend forecast: Bullish
Copper price provided positive closes above the moving average 55, to move away from the extra support at $4.2600, noticing the attempt to form bullish waves by its fluctuation near $4.4800.
Note that gathering positive momentum is important to reinforce the chances for reaching the initial target at $4.6200, attempting to press on the barrier near $4.7500 to find an exit to confirm the continuation of the upcoming trading’s positivity.
The expected trading range for today is between $4.3800 and $4.6200
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, due to its lean on the support of main bullish trend line on the short-term basis, providing some bullish momentum that helped it to face the previous losses on the intraday basis, amid its affection by the negative pressure that comes from its trading below EMA50, which forms a dynamic resistance that shrinks the chances of the price recovery on the short-term basis, with the emergence of the negative signals on the (RSI), despite reaching oversold levels.
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The (Brent) price witnessed fluctuated move on its last intraday levels, amid its attempts to breach the current resistance level at $67.60, this level was our yesterday’s suggested target, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the bullish correctional trend on the short-term basis and its trading alongside a supportive bias line for this track, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the rise.
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Subscribe via TelegramCheck full VIP signals performance report for the week of August 18–22, 2025: Full Report