Despite stability below $2245.00, Platinum price neediness for negative pressure pushed it to provide more sideways trading, to fluctuate near $2050.00 level without reaching any of the previously waited corrective targets.

We will depend on the attempt of forming extra barrier at $2130.00 level to increase the chances of gathering bullish momentum then attempts to press on the moving average 55 at $1925.00 and surpassing it will lead to reach the next target near $1880.00, while surpassing this barrier will provide a chance for recovering some losses by its rally towards $2245.00.

The expected trading range for today is between $1950.00 and $2100.00

Trend forecast: Bearish

No change for copper price’s bearish corrective track, despite the continuation of the main indicators’ contradiction, but the stability below the barrier at $5.9700 supports this negativity in the near trading.

Therefore, we will keep waiting for the resuming negative attempts, which might target the extra support level at $5.5100, note that breaking this support will open the way for targeting new corrective stations that might extend towards $5.3600 reaching the next support base at $5.1000 level.

The expected trading range for today is between $5.5100 and $5.7500

Trend forecast: Bearish

The (ETHUSD) price is moving in limited range of tight sideways trading on its last intraday levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators, which helped the price to settle on intraday basis, to notice that the indicators reached exaggerated overbought levels compared to the price move, indicating a quick decline for this bullish momentum.

The (Brent) price witnessed fluctuating trading on its last intraday levels, due to the stability of the current support at $66.95, gaining some bullish momentum that helped it to stop its previous losses, as it reached EMA50’s resistance, affected by breaking main bullish trend on short-term basis, with the emergence of negative signals from relative strength indicators.