No news for Platinum price temporary sideways track, due to the continuation of the main indicators, to settle near $2075.00.
The price might force it to form bearish corrective waves, attempting to test the moving average 55 at $2000.00, reaching the extra support at $1950.00 level, while resuming the bullish attack requires forming strong bullish waves, to settle above $2205.00 level.
The expected trading range for today is between $2000.00 and $1230.00
Trend forecast: Fluctuated within the bullish track
Copper price remains affected by the temporary negative pressures that comes from stochastic exit from the overbought level, which forced it to provide extra pressure on the initial support at $5.9700 as appears in the above image.
MoreEthereum (ETHUSD) declined in recent intraday trading after hitting resistance at its EMA50, with a bearish crossover starting to appear on the relative strength indicators following overbought conditions. This reflects a phase of profit-taking and partial unwinding of previous gains.
MoreBrent crude oil showed choppy movement in its latest intraday trading sessions, as it continues to move alongside a short-term downward corrective trendline, supported by the price remaining below EMA50, which reduces the chances of a strong recovery in the near term.
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