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.
The continuation of the negative pressures might force it to activate the bearish corrective track, to expect targeting $5.8200 level, to begin forming new bullish waves, while surpassing $5.8200 level and holding below it might motivate more of the bearish attempts, which might extend towards $5.7100.
The expected trading range for today is between $5.8200 and $6.050
Trend forecast: Fluctuated within the bullish trend
Ethereum (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.
On the other hand, the short-term bullish trend is dominant, with price movement along a supportive trendline for this path, which reinforces surpassing the surrounding negative pressures.
Brent 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.
The bearish pressure is supported by negative signals from the relative strength indicators after reaching overbought conditions, suggesting limited bullish momentum and a higher probability of renewed downside movement.