Platinum price returned to form weak and sideways trading by its reach below the moving average 55, delaying the bullish rally on the intraday basis until gathering the required positive momentum.
Reminding you that the bullish scenario will remain valid, depending on the continuation of forming extra support at $1304.00 level, increasing the chances for reaching the positive stations near $1375.00 and $1430.00.
The expected trading range for today is between $1335.00 and $1375.00
Trend forecast: Bullish
Copper price took advantage of the moving average 55 positivity, which supports the stability of the extra support at $4.2600, facing stochastic contradiction and its stability near $4.470.
We will keep waiting to gather the required positive momentum to resume the bullish attempts, to target $4.6200 and $4.7400 level, while the risk of changing the trend comes by breaking the critical support at $4.0700.
The expected trading range for today is between $4.330 and $4.6300
Trend forecast: Bullish
The (ETHUSD) price deepened its losses in its last intraday trading, after surpassing the support of its EMA50, which put it under negative pressure that led it to break its current support at $4,360, amid the dominance of bearish correctional wave on the short-term basis and its move alongside a bias line, with the emergence of the negative signals on the (RSI), after reaching overbought levels.
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(Brent) price declined in its last trading on the intraday levels, amid its trading alongside a minor bearish trend line, indicating the dominance of this negative track, especially with the continuation of the negative track, especially with the continuation of the negative pressure, due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), after reaching overbought levels.
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