Platinum price returned to provide mixed trading due to its reach below $1605.00 level, confirming its surrender to the dominance of the bearish corrective trend that depends on the stability of the resistance at $1695.00.
And that makes is prefer the bearish corrective scenario, which might target $1525.00, and breaking this level might extend the losses towards $1490.00 reaching the next support near $1440.00.
The expected trading range for today is between $1525.00 and $1640.00
Trend forecast: Bearish
Copper price took advantage of its positive stability within the bullish track, besides providing positive momentum by the main indicators, forming more of the bullish waves, to settle near the target at $5.2000 level.
We expect renewing the positive attempts, attempting to press on the barrier of $5.3200 level surpassing it will reinforce the chances of achieving extra gains in the upcoming period, by its rally towards $5.5100.
The expected trading range for today is between $5.0500 and $5.3200
Trend forecast: Bullish
The (ETHUSD) price kept rising in its upcoming intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trendline that reinforces the bullish momentum around the price, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, which might limit its upcoming gains.
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The (Brent) price settled high during its last intraday trading, attempting to breach the current resistance level at $65.55, this resistance represents our expected target in our previous analysis, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of strong bullish corrective wave on the short-term basis, noticing that the relative strength indicators have reached exaggerated oversold levels compared to the price move, providing big chance for forming positive divergence, intensifying the positive momentum in its upcoming trading.
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Subscribe via TelegramFull VIP signals performance report for 13-17, October 2025:
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