Despite the weakness of Platinum price’s trading, and there are positive factors that are represented by the main stability above $1950.00 support with the positive momentum by the main indicators by its fluctuation near $2140.00 level.
The continuation of forming bullish waves until reaching $2205.00 barrier, and surpassing it will open the way for reaching new stations that might begin at $2255.00 and $2290.00.
The expected trading range for today is between $2090.00 and 2205.00
Trend forecast: Bullish
Copper price provided positive close above $5.9700 level, which represents a strong barrier against the bullish attempts to confirm its readiness to resume the bullish attack, reaching $6.10500.
Note that stochastic fluctuation within the overbought level will increase the chances of targeting new positive stations by its rally towards $6.1550 reaching the next resistance at $6.2500.
The expected trading range for today is between $6.000 and $6.1550
Trend forecast: Bullish
Ethereum price (ETHUSD) rose slightly during its recent intraday trading, preparing once again to test the key resistance level at 52,380, supported by continued trading above its EMA50, which reinforces the stability and dominance of the main short-term bullish trend. The price is also moving alongside a trendline that supports this bullish path. In addition, positive signals continue to emerge from relative strength indicators after previously reaching oversold levels.
Brent crude oil is holding lower during its recent intraday trading, under the dominance of a short-term corrective downward wave, while moving along a trendline that supports this bearish path. Negative pressure continues as the price trades below EMA50, which reduces the chances of recovery in the near term.
This comes alongside negative signals from relative strength indicators after the price managed to ease its oversold condition, which further supports the bearish outlook.