Despite recent minor upward corrective movements, platinum price continues to face repeated resistance within the descending channel, with $2005.00 acting as an extension of the main resistance, which makes us keep the bearish scenario in the near and medium period trading.

Additionally, the 55-period moving average is forming an extra resistance barrier below the channel’s upper limit, providing further bearish momentum. Our negative outlook targets first $1865.00, with potential extension toward $1775.00.

The expected trading range for today is between $1980.00 and $1865.00

Trend forecast: Bearish

Copper price stayed below $5.5100, maintaining its negative stance and increasing the likelihood of forming short-term corrective downward waves. Since yesterday, the price has been fluctuating near $5.4200, affected by the ongoing divergence in key indicators, particularly the moving average 55 positioned above current trading levels.

It is important for the price to gather bearish momentum during today’s sessions, which would facilitate targeting first $5.2700, followed by the next key support near $4.9500. However, a strong push above $5.5100 with a positive close would cancel this bearish outlook and give the price a chance to start recovering, potentially moving first toward $5.6300.

The expected trading range for today is between $5.2700 and $5.5100

Trend forecast: Bearish

Ethereum price (ETHUSD) declined during its recent intraday trading, amid the emergence of negative signals from the relative strength indicators, after reaching overbought levels, which makes the price keep attempting to gain bullish momentum that might help it to recover and rise again, which helps it to surpass the negative pressure of EMA50, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside trend line that supports this track.

Brent crude oil prices settles with limited gains during their recent intraday trading, supported by the emergence of positive signals from the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery on near-term basis, affected by short-term negative technical formation, that is represented by the double top pattern, which intensifies the negative pressure on the price.