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Platinum price provides positive signal– Forecast today – 12-5-2026

Economies.com
2026-05-12 04:12AM UTC

Platinum price benefited by providing positive momentum by the main indicators, to notice surpassing $2080.00 barrier, to begin recording some gains by its rally towards 2145.00, achieving the previously suggested initial target.

 

The stability above the breached barrier will allow it to form more bullish waves, to keep waiting to reach $2195.00 level, and surpassing it might extend the trading towards 161.8% Fibonacci extension level near $2245.00, while the risk of changing the near and medium trading is represented by reaching below $1950.00 level and holding below it.

 

The expected trading range for today is between $2060.00 and $2195.00

 

Trend forecast: Bullish

Copper price resumes the rise– Forecast today – 12-5-2026

Economies.com
2026-05-12 04:11AM UTC

Copper price confirmed the continuation of the positivity by surpassing the barrier at $6.2600 yesterday, to record clear gains by its stability near $6.4100 level.

 

Our bullish scenario depends on forming additional support at $6.1000 level, and the continuation of providing bullish momentum by the main indicators will reinforce the chances of recording extra gains by reaching $6.5300 and surpassing it will make the next main target at $6.7300 level in the current trading.

 

The expected trading range for today is between $6.2800 and $6.5300

 

Trend forecast: Bullish

 

 

Ethereum Price Caught Between Support and Resistance – Analysis – 12-05-2026

Economies.com
2026-05-12 02:28AM UTC

Ethereum recorded sharp losses during recent intraday trading, surpassing EMA50, which increases negative pressure on the price and limits its ability to recover in the short term.

 

However, the market is currently balancing this weakness with support from a short-term ascending trendline, which is acting as a dynamic support zone and may help the price stabilize. At the same time, relative strength indicators are showing early positive signals after reaching deeply oversold conditions, suggesting the possibility of a technical rebound.

 

 

Brent Crude Oil Shows Mixed Signals – Analysis – 12-05-2026

Economies.com
2026-05-12 02:25AM UTC

 

Brent Crude Oil rose in recent intraday trading, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which intensifies the negative pressure.

 

On the other hand, some early positive signals have started to emerge from the relative strength indicators after offloading overbought conditions. Opening the way for extending these cautious gains in the upcoming near period.