Platinum price losses the positive momentum– Forecast today – 1-7-2025
Platinum price attempted to renew the bullish attempts by its rally to $1377.40, but its neediness to the positive momentum that pushed it to form weak and sideways trading, to settle near $1342.00 approaching from the bullish channel’s support at $1330.00.
The current scenario depends on the strength of the mentioned support, its stability makes us expect forming bullish waves, to confirm its stability above $1366.00 level, to ease the mission of resuming the bullish attack and reaching the next target near $1400.00, while breaking the support and holding below it will confirm activating the attempts of gathering the gains by reaching $1303.00 initially followed by $1275.00.
The expected trading range for today is between $1330.00 and $1382.00
Trend forecast: Bullish
Copper price eases the way to activate the correctional decline– Forecast today – 1-7-2025
Copper price repeated its fluctuation in the last period below the barrier at $5.1000, as its stability decelerates the chances for resuming the main bullish attack, stochastic exit from the overbought level makes us expect gathering the negative momentum, reinforcing the chances for the attempts of gathering the gains by forming bearish correctional waves, to target $4.9100 level reaching the next support near $4.8100.
Note that the price success to breach the barrier and holding above it will reinforce the positive chances again, opening the way for targeting some extra positive stations by its rally to $5.1900 and $5.3200.
The expected trading range for today is between $4.9100 and $5.1000
Trend forecast: Bearish
The (ETHUSD) price gathers its positive strength-Analysis- 01-07-2025
The (ETHUSD) price declined in its last intraday trading, attempting to gather a positive momentum that might help it to keep the bullish correctional trend on the short- term basis amid its trading alongside a bias line, with the continuation of the positive support due to its trading above EMA50, besides the emergence of the bullish signals on the (RSI).
Brent crude oil is surrounded by negative pressures- Analysis-01-07-2025
The (Brent) price declined in its last intraday levels, with the continuation of the negative pressure due to its trading below EMA50, to settle below EMA50, to settle below the critical support level at $66.50, to confirm breaking this support, amid the dominance of bearish correctional wave on the short-term basis, with the emergence of the negative signals on the (RSI).