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Platinum price settles above the support– Forecast today – 29-5-2026
Platinum price succeeded in surpassing the negative pressure by its stability above $1865.00 support, forming some bullish waves, approaching the initial target at $1950.00.
The price needs a new bullish momentum that helps it to face the moving average 55 at $2000.00, then press on the resistance near $2080.00, while surpassing the negative pressure and reaching below the current support will turn it to the bearish corrective track, to expect suffering extra losses by reaching $1805.00 and $1775.00.
The expected trading range for today is between $1865.00 and $1950.00
Trend forecast: Bullish
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Copper price continues the sideways fluctuation– Forecast today – 29-5-2026
Despite the stability of copper price within the main bullish track, it remains confined between the initial support of $6.1000 and $6.4000 barrier, which pushes it to provide more sideways trading without recording any new positive target.
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Ethereum (ETHUSD) returned to decline during recent intraday trading after it attempted to recover part of its earlier losses. The price managed to ease oversold conditions on relative strength indicators, which have now shifted into overbought territory relative to price action, signaling a rapid loss of bullish momentum.
MoreBrent Crude Oil is Amid Negative Expectations – Analysis – 29-05-2026
Brent crude oil declined during recent intraday trading amid the continuation of the negative dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the short-term bearish corrective trend, especially with the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, increasing the negative pressure and opening the way for deepening these losses in the upcoming near period.
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