Platinum price renewed its positive attempts by rallying above 983.00$ yesterday, hinting its preparation to resume the bullish trades by touching 991.00$ level.
The continuous positive momentum coming by the major indicators will reinforce the chances of resuming the bullish track, to expect moving towards the target at 1005.00$ followed by attempting to press on the next obstacle at 1015.00$ in order to find a way to achieve new gains in the near-term and medium-term period.
The expected trading range for today is between 1015.00$ and 975.00$
Trend forecast: Bullish
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Copper price got rid of the temporary sideways track by confirming breaching 4.3300$ barrier, to form strong bullish rally and achieve some waited targets by touching 4.4700$ level.
We expect to get the positive momentum by the major indicators to form new bullish waves and attempt to press on 50% Fibonacci correction level at 4.5400$, while surpassing it will open the way to resume the positivity for the upcoming period.
The expected trading range for today is between 4.3500$ and 4.5400$
Trend forecast: Bullish
Ethereum price (ETHUSD) got positive close above 2764.75$, noticing that the recent trades are confined within bullish pennant pattern that appears on the chart, which means that breaching 2825.00$ will activate the positive effect of this pattern and push the price to achieve our first waited target at 3017.30$.
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Bitcoin price (BTCUSD) shows bearish bias to head towards potential test to the key support 95195.00$, which represents one of the next trend keys besides 100000.00$ resistance, and as we mentioned yesterday, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
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