|
Platinum price needs a new momentum– Forecast today – 4-12-2025
Platinum price is affected by the contradiction between the main indicators, especially by stochastic reach below 80 level, to force it to provide new sideways trading, to keep its stability near$1660.00.
Reminding you that holding above $1605.00 level, will make it form extra support to increase the chances of gathering the required bullish momentum to reach $1695.00, and surpassing this obstacle will extend the trading towards the positive stations that begin at $1745.00.
The expected trading range for today is between $1620.00 and $1695.00
Trend forecast: Bullish
Copper price hits the initial target– Forecast today – 4-12-2025
Copper price succeeded in taking advantage of the positive pressure to resume its bullish attempts, to settle near the initial main target at $5.3200.
Stochastic approach from 80 level and the continuation of forming extra support at $4.9700, these factors supports the continuation of the bullish trading, to expect surpassing the current obstacle and recording the next target by its rally towards $4.5000, to face %161.8 Fibonacci extension level.
The expected trading range for today is between $5.1800 and $5.5000
Trend forecast: Bullish
The (ETHUSD) extends its gains- Analysis- 04-12-2025
The (ETHUSD) price kept rising in its last intraday trading, preparing to reach the current resistance at $3,250, which represents potential target in our previous analysis, supported by its continuous trading above its EMA50, reinforcing the strength and dominance of the bullish corrective trend on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for more gains on the near-term basis.
Brent crude oil begins to recover- Analysis-04-12-2025
The (Brent) price rose in its last intraday trading, due to its leaning on the support of EMA50, gaining bullish momentum that helped it to achieve these gains, amid the dominance of minor bullish wave on the short-term basis, with its trading within channel range, on the other hand, we notice the emergence of negative signals on the relative strength indicators, which may hinder the potential for strong gains in the upcoming period.