Platinum price formed several negative waves yesterday, benefiting from the alignment of the main indicators in providing negative momentum. As a result, the price has now reached the first target at $1,655.00, which has recently acted as an obstacle to further bearish movement.

The price may be forced to move sideways for a period in the short term. However, the continued presence of negative factors encourages expectations of a break below the current barrier, which would strengthen the chances of reaching additional bearish targets starting at $1,605.00 and then $1,565.00.

The expected trading range for today is between $1,605.00 and $1,745.00

Trend forecast: Bearish

Copper price remains under the influence of the bearish corrective scenario, as it continues to stabilize below the resistance level at $6.6000. Recent trading has been slow, with the price reaching the $6.2300 level.

To confirm the negative outlook for the upcoming sessions, the price needs to reach the additional support level at $6.1000. A successful break below this support would pave the way for new corrective targets, with the price expected to move toward $5.9200 and then $5.8000.

The expected trading range for today is between $6.1000 and $6.5000

Trend forecast: Bearish

(ETHUSD) is showing cautious gains during recent intraday trading, attempting to recover part of its previous losses while easing some of the clear oversold conditions reflected by relative strength indicators, especially with positive signals beginning to emerge.

However, the price remains affected by the breakdown of a short-term ascending corrective trendline, along with continued negative pressure from trading below the EMA50, which increases the possibility of further declines in the near term.

Brent crude oil remains under limited and cautious gains during recent intraday trading, recovering part of its previous losses. The price has also eased its oversold conditions on relative strength indicators, which have now moved into overbought territory compared with price action. This suggests the beginning of a negative divergence, adding further downside pressure, especially with the indicators starting to show a bearish crossover.

Meanwhile, the price continues to face negative pressure from trading below the EMA50, while the short-term bearish trend remains dominant, limiting the chances of a sustained recovery.