Platinum price failed to settle for long time above $1605.00 level, activating with stochastic negativity to provide clear negative pressure on %61.8 Fibonacci extension level at25.00.

The continuation of the negative pressure makes us expect to form new bearish decline, targeting $1482.00 then attempts to target the moving average 55 at $1440.00, while regaining the bullish trend requires forming a strong bullish rally to settle above $1605.00 again.

The expected trading range for today is between $1482.00 and $1565.00

Trend forecast: Bearish

The (ETHUSD) price rose in its last trading on the intraday levels, amid the continuation of negative dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and the dominance of the main bearish trend on the short-term basis, especially with its trading alongside minor trendline, besides the emergence of the negative signals on the relative strength indicators, after the stability of the key support at $3,060, this support represents potential target in our previous reports, which helped it to achieve these cautious gains.

The (Brent) price witnessed strong losses in its last intraday trading, surpassing the support of its EMA50, putting it under negative pressure, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, besides the dominance of the main bearish trend on a short-term basis.

Silver price rose in its last intraday trading, due to its leaning o the support of its EMA50, gaining some bullish momentum that helped it to achieve these gains, accompanied by testing minor bullish trend line on the short-term basis, reinforcing this momentum, on the other hand, we notice the emergence of negative signals on the relative strength indicators, despite its stability in oversold levels, which might reduce the gains of the upcoming gains.