Platinum price renews its bullish action– Forecast today – 3-7-2025
Platinum price activated the bullish rally by surpassing the extra barrier at $1366.00 reaching $1433.00, then bounces below2.618%Fibonacci extended level at $1420.00 forming bearish correctional waves.
The stability of the price within the bullish channel’s levels, accompanied by the continuation of forming strong extra support at $1330.00 level reinforces the dominance of the bullish track, to wait for breaching $1420.00 level, opening the way for reaching new bullish stations that might extend to $1458.00 reaching $1507 in the upcoming period trading.
The expected trading range for today is between $1375.00 and $1458.00
Trend forecast: Bullish
Copper price repeats the pressure on the barrier– Forecast today – 3-7-2025
Copper price moved in tight range yesterday, renewing the pressure on the barrier near $5.1000, which decelerates the chances of resuming the main bullish attack and achieving more of the positive gains.
Note that the neediness of the positive momentum until now will assist activating the bearish correctional track, to expect the decline towards $4.9700 and $4.9100, while breaching the barrier and providing a positive close above it will reinforce the chances for recording extra gains that might begin at $5.2300 reaching the top at $5.2350 level.
The expected trading range for today is between $4.9700 and $5.1000
Trend forecast: Bearish
The (ETHUSD) price is experiencing a justified profit taking -Analysis- 03-07-2025
The (ETHUSD) price declined in its last intraday trading, gathering the gains of its previous rise, and attempts to gain bullish momentum that might assist it to rise again, and offloading some of its clear overbought conditions on the (RSI), especially with the emergence of the negative overlapping signals from there, amid the dominance of bullish correctional wave on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above EMA50, forming a dynamic support that keeps the positive track.
Brent crude oil declines affected by its current resistance- Analysis-03-07-2025
The (Brent) price declined in its last intraday levels, affected by the stability of the current resistance level at $68.70, attempting to gain positive momentum that assist it to breach this resistance and attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals, taking advantage of the dynamic support that is represented by its trading above EMA50.