Platinum price was forced to delay the bullish trend and providing weak sideways trading by its fluctuation near 2075.00 level due to the contradiction of the main indicators, specifically by stochastic exit from the overbought level as appears in the above image.
Which will not affect the main bullish scenario due to the continuation of forming the initial main support at $1950.00 level, the stability of the moving average 55 below the current trading will help it to confirm its confinement within the bullish track, to keep waiting for gathering positive momentum and reaching the next positive target near $2205.00
The expected trading range for today is between $2030.00 and $2145.00
Trend forecast: Bullish
Copper price began its trading by losing the bullish momentum due to stochastic attempt to end the bullish rally, to settle again near $5.9700 level, which formed strong barrier in the previous trading.
The stability above $5.9700 supports the chances of gathering the required extra positive momentum to motivate the bullish rally that might target $6.1550 and $6.2500, while the decline below it might force it to provide temporary trading, to target $5.8100 before reaching the additional positive targets.
The expected trading range for today is between $5.9100 and $6.1550
Trend forecast: Fluctuated
Ethereum (ETHUSD) declined slightly in its recent intraday trading, while attempting to build positive momentum that could help it to breach the key and stubborn resistance level at $2,380. This comes amid continued trading above EMA50, which strengthens the dominance of the short-term bullish trend, supported by positive signals from the relative strength indicators, reinforcing the likelihood of recovery in the near-term basis.
Brent crude oil declined during its recent intraday trading after facing resistance at EMA50, which forced the price into a corrective pullback. This comes amid the dominance of a short-term bearish corrective trend, with the emergence of negative signals from relative strength indicators after reaching deeply overbought levels compared to price movement, suggesting the possible formation of a bearish divergence and increasing downside pressure on the price.