|
Platinum price recovers some losses – Forecast today – 5-11-2026
Platinum touched the $1385.00 level during its latest bearish move before being supported by positive stochastic momentum, pushing it back above $1440.00, which had recently acted as a key barrier against further declines. The price has now begun recovering previous losses, surging toward $1525.00.
The price’s approach toward the additional resistance at $1550.00 prompts us to wait for the next four-hour candle close to confirm the expected direction for the near-term trades. Holding below this barrier would give the price an opportunity to renew its bearish attempts, initially targeting $1470.00 and $1440.00, However, breaking above this barrier would increase the chances of forming new bullish corrective waves, targeting $1595.00 and $1640.00.
The expected trading range for today is between $1470.00 and $1560.00
Trend forecast: Bearish
Thanks for your feedback.
Copper price delays its decline – Forecast today – 5-11-2026
Copper failed to confirm a break below the $6.2400 support level during yesterday’s trading, rebounding quickly toward $6.3800 to test the EMA55 before settling below it.
MoreEthereum (ETHUSD) Breaks Through Our Price Target – Analysis –05-11-2026
(ETHUSD) settled with a series of gains in its recent intraday trading, confirming a breakout above the $2,400 resistance level, which represented our price target in previous analysis. The price is benefiting from its earlier break above a main short-term bearish trend line, while positive pressure continues as it trades above EMA50, which provides a dynamic support base and strengthens the chances of extending its gains in the near term.
MoreBrent Crude Oil Faces a Freefall – Analysis –05-11-2026
Brent crude oil recorded successive sharp losses in its recent intraday trading, after breaking below the $97.50 support level, which represented our final price target in previous analysis. The decline comes amid the earlier break below a major short-term ascending trend line, while negative pressure persists as the price trades below EMA50, adding to the downward pressure, accompanied by negative signals from the relative strength indicators despite the indicators reaching deeply oversold levels.
More