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Platinum price needs extra momentum– Forecast today – 1-6-2026

Economies.com
2026-06-01 05:02AM UTC

Platinum price kept its positive stability above $1865.00 level, keeping the bullish scenario, however the main indicators contradiction pushed it to provide more sideways trading by its stability near $1930.00.

 

Gathering extra positive momentum is important to renew the pressure on the moving average 55 at $2000.00 and surpassing it will make it to resume the bullish attempts, to target the barrier near $2080.00, opening the way for detecting the main trend in the upcoming trading.

The expected trading range for today is between $1890.00 and $2000.00

 

Trend forecast: Bullish

 

Copper price settles above the support level– Forecast today – 1-6-2026

Economies.com
2026-06-01 05:01AM UTC

Copper price settled again above the extra support level near $6.1000, benefiting from providing positive momentum that comes from stochastic, forming some bullish waves to press on the barrier at $6.4000, to form a key for resuming the bullish trend.

 

Providing positive momentum by the main indicators makes us wait for breaching the barrier and holding above it, to reinforce the chances of recording extra gains that might begin from $6.5600 reaching the next main target near $6.7500.

 

The expected trading range for today is between $6.2500 and $6.5600

 

Trend forecast: Bullish

Ethereum (ETHUSD) Under Negative Pressure – Analysis – 01-06-2026

Economies.com
2026-06-01 01:59AM UTC

Ethereum declined in recent intraday trading, reflecting the dominance of the short-term bearish trend. Price action continues to move along a descending trendline, while trading below the EMA50, which reinforces ongoing downside pressure.

 

At the same time, relative strength indicators are starting to show a positive crossover after reaching oversold territory. This may help slow the pace of further declines, but it is not yet strong enough to reverse the overall bearish structure.

 

Brent Crude Oil Rises After Hitting Targeted Support – Analysis – 01-06-2026

Economies.com
2026-06-01 01:56AM UTC

Brent crude oil surged in recent intraday trading after holding firmly above the key support level at $90.00, which previously acted as a downside target. This support triggered a rebound, helping the price recover part of its earlier losses and easing oversold conditions on the relative strength indicators.

 

However, the broader technical picture remains negative. The price continues to trade below the EMA50, maintaining pressure from the dominant short-term corrective downtrend and limiting the strength of the current rebound.