Platinum price didn’t move anything in yesterday’s trading, due to the repeated confinement between the extra support at $1525.00, while $1605.00 level keeps forming a barrier against the attempts of activating the previously suggested bullish trend.
Providing more of the sideways trading until breaching the current barrier and holding above it, to confirm its readiness to record some gains by its rally towards $1665.00 and $1695.00, while breaking the support and holding below it will force the price to suffer new losses towards $1470.00 reaching the next support near $1440.00.
The expected trading range for today is between $1530.00 and $1605.00
Trend forecast: Sideways
Copper price touched $5.2300 level, then bounces to settle below $5.2000 level, which forces it to provide new sideways fluctuated moves near $5.1300 level.
The price needs a new bullish momentum, to confirm breaching the current obstacle, to rally towards the next target at $5.3200, while the failure to breach might force the price to provide bearish corrective trading, which forces it to suffer some losses by reaching $4.9500 followed by the extra support at $4.7500.
The expected trading range for today is between $5.0500 and $5.3200
Trend forecast: Bullish
The (ETHUSD) price rose slightly in its last intraday trading, due to its leaning on the support of bullish corrective trendline on the short-term basis, gaining bullish momentum that intensified due to the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, on the other hand, the price is under negative pressure due to its trading below EMA50, which weighs on the price recovery.
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The (Brent) price decline in its last intraday trading, in an attempt to gain bullish momentum that might help it recover and rise again, and attempts to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid the dominance of bullish corrective wave on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of its recovery in the upcoming period.
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Subscribe via TelegramFull VIP signals performance report for 13-17, October 2025:
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