Platinum price declined sharply after breaking the support at $1375.00, resuming its bearish correctional attack to gather more of the gains by targeting $1284.00 level, then bouncing directly to 2.236%Fibonacci extension level at $1332.00.
Note that the repeated stability below the broken support, which represents an extra resistance that might force the price to provide new bearish trading to expect reaching $1275.00 followed by the next support near $1252.00, while stepping above $1370.00 and holding above it will confirm its readiness to form strong bullish wave again.
The expected trading range for today is between $1275.00 and $1355.00
Trend forecast: Bearish
Copper price is under strong bearish pressure to push it to decline below the support at $5.3200, to lose most of its previous gains to reach $4.3900, to face the moving average of 55.
Despite the main stability within the main bullish channel’s levels, the contradiction between the main indicators may increase the chances for suffering extra losses by targeting 161%Fibonacci extension level at $4.2650, while renewing the bullish attempts requires stepping above $4.7400 level, providing chance for recording gains again.
The expected trading range for today is between $4.2600 and $4.5200
Trend forecast: Fluctuated within the bullish track
The (ETHUSD) price rose in its last intraday trading, due to its lean on the support of its EMA50, gaining positive momentum that assisted it to achieve these gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides the emergence of the positive signals on the (RSI), reinforcing the positive momentum.
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The (Brent) price declined in its last intraday trading, to gather the gains of its last rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative overlapping signals to gather its positive strength that might help it to recover and rise again, amid the dominance of minor bullish trend on the short-term basis and its trading alongside a supportive bias line for the trend, reinforcing the positive scenario.
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Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
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Weekly performance report available here: Signals Performance – Week of July 21–25, 2025