Platinum price touched 990.00$ level during the last bullish rally and formed some sideways trades by fluctuating near 983.00$ level that formed an obstacle against the bullish attempts recently.
We notice stochastic attempt to crawl towards the overbought areas to increase the chances of gaining the additional positive momentum to manage to resume the bullish attack, waiting to target 998.00$ level soon, followed by reaching the next target at 1012.00$, assuring the importance of holding above 968.00$ that forms additional support against the bullish attempts.
The expected trading range for today is between 974.00$ and 998.00$
Trend forecast: Bullish
Copper price provided some trades above 4.8100$ barrier and returned to settle below it, forming some sideways waves, noting that providing continuous positive momentum by the major indicators and the frequent stability above the additional support at 4.6800$ allow us to wait to confirm the breach to ease the mission of targeting the additional positive stations near 4.8900$ followed by reaching 5.000$ resistance line.
The expected trading range for today is between 4.7500$ and 4.8900$
Trend forecast: Bullish
Ethereum price (ETHUSD) shows tight trades since yesterday, noticing that the price moves inside bearish pennant pattern that its support line located at 1850.00$, which means that breaking this level will push the price to resume the main bearish trend.
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Bitcoin price (BTCUSD) tested 80474.40$ level and kept its stability above it, to start rising and moving away from this level, to hint heading to build bullish wave on the intraday basis, and by taking a deeper look at the chart, we find that the price is forming inverted head and shoulders’ pattern that appears on the minor image.
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