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 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.

Despite the contradiction of the main indicators, the stability below $5.9700 and the price attempt to provide negative close below $5.8100 level, these factors supports the dominance of the bearish corrective trend, to expect targeting $5.5900 level reaching the next support near $5.5100.

The expected trading range for today is between $5.6000 and $5.8800

Trend forecast: Bearish

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.

In the background, positive signals continue to emerge from relative strength indicators after the price managed to ease its previous overbought condition, giving it more room to extend its gains in the near term.

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.

The price remains supported by dynamic pressure as it continues to trade above EMA50, reinforcing the stability and dominance of the main short-term bullish trend. This is further supported by movement along an upward trendline, along with ongoing positive signals from relative strength indicators, despite reaching heavily overbought levels.