Despite the weakness of Platinum price last trading, its fluctuation below the moving average 55 assists to confirm the suggested corrective scenario, to reach below $1940.00.

The continuation of forming main barrier at $2080.00 level confirms its surrender to the negative pressure, to keep waiting for reaching $1900.00 level followed by the main initial target at $1865.00.

The expected trading range for today is between $1865.00 and $1990.00

Trend forecast: Bearish

Copper price was forced to provide weak trading due to the continuation of the main indicators’ contradiction against the negative stability below the barrier at $6.3800 level, to force it to delay the corrective decline and hold near $6.2800 level.

Note that confirming the dominance of the bearish corrective trend needs to break the initial support at $6.1000, to ease the mission of the corrective stations, which might begin at $5.9500 and $58000, while surpassing the barrier will provide a chance for recording some gains, to expect attacking the resistance near $6.5800.

The expected trading range for today is between $6.1000 and$6.3500

Trend forecast: Bearish

(ETHUSD) continued to trade in a choppy and sideways manner during its latest intraday movements, amid the dominance of a short-term bearish trend. Price action remains aligned with a downward-sloping trendline, while persistent negative and dynamic pressure continues due to trading below EMA50, which limits the chances of a sustainable recovery in the near term.

On the other hand, positive signals are emerging from the relative strength indicators, which has helped curb deeper declines over the recent period and suggests some underlying attempt to stabilize.

Brent crude oil declined in its recent intraday trading after previously facing resistance at EMA50, which forced the price lower and ended earlier upside attempts. This movement also confirmed a break below a short-term ascending trendline, reinforcing the bearish technical structure in the near term.

On the other hand, positive signals are emerging from the relative strength indicators after reaching deeply oversold conditions, which helped the price stabilize and attempt to absorb some of the selling pressure.