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Platinum price resists the negative pressure– Forecast today – 29-5-2025

Economies.com
2025-05-29 05:29AM UTC

Platinum price continued to resist stochastic negativity by its continuous fluctuation above $1056.00 level, which represents an important support as appears in the above image, as it represents 100% Fibonacci extension, and its stability reinforces the chances of the bullish scenario domination again.

 

Gathering the positive momentum is important to lead the price begin forming bullish waves to surpass $1100.00 level, then begin achieving new gains by its rally to $1125.00 reaching $1158.00 in the medium period trading.

 

The expected trading range for today is between $1068.00 and $1100.00

 

Trend forecast: Bullish

Copper price keeps delaying the rise– Forecast today – 29-5-2025

Economies.com
2025-05-29 05:28AM UTC

Copper price delayed the bullish rally due to the negative pressure that comes by a stochastic approach from 50 level, suffering some extra losses by hitting $4.6000 level, attempting to settle above the moving average 55.

 

The contradiction between the main indicators might force the price to provide sideways trading, but the repeated stability below 6.8%Fibonacci correction level at $4.8100 represents a main factor that confirms the bearish correctional bias dominance, to keep waiting for resuming the decline and targeting $4.5000 level in the near period.

 

The expected trading range for today is between $4.5000 and $4.7000

 

Trend forecast: Bearish

 

 

Ethereum (ETHUSD) gets ready to attack stubborn resistance -Analysis-29-05-2025

Economies.com
2025-05-29 04:24AM UTC

The (ETHUSD) price rose in its last intraday trading, approaching from the stubborn critical resistance level at $2,730, supported by its continuous trading above its EMA50, and its moves alongside the bullish trend line on the short-term basis, noticing the emergence of the positive signals on the (RSI), after reaching oversold levels.

 

 

Brent crude oil breaches its current resistance -Analysis-29-05-2025

Economies.com
2025-05-29 04:14AM UTC

The (Brent) price rose in its last intraday trading, surpassing the negative pressure of the EMA50, accompanied by breaching the current resistance at $64.50, amid the bullish correctional trend on the short-term basis, despite the beginning of the negative signals on the (RSI), after reaching overbought levels, which indicates the domination of the buying strength.