Platinum price keeps the positivity – Forecast today – 15-7-2024
Platinum price repeated the positive closings above 983.55$ support line, to reinforce the chances of activating the bullish rally that will start by targeting 1015.00$ soon, followed by reaching 38.2% Fibonacci correction level at 1042.00$.
On the other hand, breaking the current support and holding below it will cancel the positive overview to expect forming correctional bearish waves to target 968.00$ and 950.00$ before reaching any new positive level.
The expected trading range for today is between 983.00$ and 1015.00$
Trend forecast: Bullish
Copper price is affected by the resistance line stability – Forecast today – 15-7-2024
No change to copper price bearish track, as it remains stable below 4.7000$ resistance line, to notice touching some negative targets recently by reaching 4.4600$.
Now, stochastic attempt to provide the negative momentum will increase the chances of targeting additional negative stations that might extend towards the main target at 4.3200$ soon, reminding you that breaking this support will open the way to resume the negative attempts for the upcoming period.
The expected trading range for today is between 4.3200$ and 4.6000$
Trend forecast: Bearish
Ethereum price (ETHUSD) achieves strong gains – Forecast today - 15-07-2024
Ethereum price (ETHUSD) breached 3132.80$ level clearly and settled above it, starting today with strong bullish rally to reach 3360.31$ level, and the way seems open to surpass this level to achieve additional gains that reach 3490.00$ followed by 3641.82$.
Therefore, the bullish trend will be expected on the intraday and short-term basis, noting that failing to breach 3360.31$ will put the price under negative pressure to head towards testing the key support 3132.80$ before any new attempt to rise.
The expected trading range for today is between 3200.00$ support and 3480.00$ resistance.
Trend forecast: Bullish
Bitcoin price (BTCUSD) activates the positive scenario – Forecast today - 15-07-2024
Bitcoin price (BTCUSD) confirmed breaching 58660.00$ level in the previous sessions to reach 60325.00$ as a first positive station, and opened today with strong rise to breach the last level and open the way to achieve more gains on the intraday and short-term basis, targeting 63230.00$ followed by 65480.00$ levels as next main stations.
Therefore, we expect to witness more rise in the upcoming sessions, affected by the previously completed double bottom pattern, noting that the continuation of the bullish wave depends on the price stability above 60325.00$.
The expected trading range for today is between 61000.00$ support and 65480.00$ resistance.
Trend forecast: Bullish