Platinum price succeeded in renewing the bullish attack by its stability above $2085.00 level, activating with the main indicators’ positivity by its rally above $2235.00 barrier, and achieving clear gains by reaching $2335.00.
No escape from resuming the bullish attack, due to the continuation of providing bullish momentum by the main indicators to reach $2380.00, to attempt to press on the barrier at $2430.00 level, reinforcing the chances of reaching new historical stations in the near period.
The expected trading range for today is between $2235.00 and $2380.00
Trend forecast: Bullish
Copper price formed strong bullish rally yesterday, taking advantage of the positive stability above $5.5100 support, besides providing bullish momentum by the main indicators, to hit the initial main target by reaching $5.9900.
Facing positive pressures makes us keep the bullish scenario, reinforcing the chances of recording new historical gains to expect reaching $6.0750, to press on the resistance of the main bullish channel at $6.1700.
The expected trading range for today is between $5.8400 and $6.1700
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, after reaching our last expected target at $3,240 resistance, to bounce lower to gain some bullish momentum that might help it to breach this resistance, amid the continuation of the positive support due to its trading above EMA50, under the dominance of the bullish corrective on the short-term basis, and its trading alongside trendline, besides the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.
The (Brent) price rose slightly in its last trading on the intraday levels, leaning on EMA50’s support, gaining some bullish momentum after the price attempt to gather the gains of its previous rises, accompanied by its attempt to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the dominance of bullish corrective wave on the short-term basis.