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Platinum price loses bullish momentum– Forecast today – 5-5-2026
Platinum price failed to settle above the moving average 55, forcing it to form some bearish corrective waves, attempting to settle below the initial support at $1950.00.
The current negativity is caused by stochastic attempt to provide negative momentum besides forming main barrier at $2080.00, therefore, we will begin preferring the negative attempts, which might target $1865.00 reaching the next target at $1780.00.
The expected trading range for today is between $1865.00 and $2030.00
Trend forecast: Bearish
Copper price provides negative signal– Forecast today – 5-5-2026
Copper price declined below the extra support at $5.8100 level, affected by stochastic negativity to target $5.7000 level, increasing the chances of resuming the bearish corrective trend in the near period trading.
MoreEthereum (ETHUSD) supported by positive pressure - Analysis- 05-05-2026
Ethereum (ETHUSD) moved higher in its recent intraday trading, supported by continued positive momentum as it trades above EMA50. This reinforces the stability and dominance of the main short-term bullish, especially as the price moves along a supporting bullish trendline.
MoreBrent crude oil attacks our target - Analysis- 05-05-2026
Brent crude continues to post strong gains in its recent intraday trading, approaching the key resistance level at $112.00, this level was one of our previously projected price targets. However, the market is currently showing a phase of relative calm, during which the price is attempting to take profits from its prior gains while building positive momentum that could help it break above this resistance.
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