Platinum price activated with stochastic positivity by forming bullish waves to press on the resistance of the minor bearish channel’s resistance at $1655.00 to find an exit to recover some previous losses.

Note that surpassing the current resistance will provide a temporary chance for recording some gains by its rally towards $1695.00 reaching $1780.00, while its stability below the current resistance will push it to form new bearish waves to reach the main stations near $1510.00 and $1435.00.

The expected trading range for today is between $1550.00 and $1690.00

Trend forecast: Fluctuating within the bearish track

Copper price settles above the moving average 55 near $5.9500, to announce delaying the bearish corrective attempts, noticing its rally to settle near $6.1500 level, surrendering to the sideways track, which is represented by the current support and $6.3000 level that represents an extra barrier against the current trading.

The price might form sideways trading until surpassing one of the mentioned levels, note that reaching below the extra support and holding below it will open the way for activating the bearish corrective track, to expect targeting $5.8200 and $5.7100 level.

The expected trading range for today is between $5.9500 and $6.3000

Trend forecast: Sideways 

(ETHUSD) witnessed fluctuating trading in its latest intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its strong gains, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path.

Brent crude oil rose in its recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price action, as a signal for losing this bullish momentum quickly after offloading some previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and the dominance of the main bearish trend on the short-term basis.