Platinum price resumed the negative attempts, surpassing the first target at 950.00$, confirming its preparation to provide more negative attempts on the near-term and medium-term basis.
Also, the EMA50 forms additional barrier now at 960.00$, and stochastic provides the negative momentum, to increase the chances of attacking 941.00$ level, while breaking it might extend losses towards 920.00$ on the near-term basis.
The expected trading range for today is between 941.00$ and 960.00$
Trend forecast: Bearish
Copper price started today by providing new negative close below 50% Fibonacci correction level at 4.5400$, confirming its surrender to the previously suggested bareish scenario to repeat its fluctuation near 4.4900$ level.
We expect to get more negative momentum by stochastic to start targeting the negative stations, located near 4.4100$ and 4.3200$ now.
The expected trading range for today is between 4.4100$ and 4.5600$
Trend forecast: Bearish
Ethereum price (ETHUSD) declined strongly yesterday after consolidating below 2356.50$, to succeed achieving our first new target at 2200.00$ and surpass it to confirm opening the way to decline in the upcoming period, and the way is open to visit 2100.00$ that represents our next negative target.
Bitcoin price (BTCUSD) bounced downwards strongly yesterday after testing 87055.004 level, to reach the new waited target at 80474.40$ direct, which represents 50% Fibonacci correction level for the rise measured from 52600.00$ to 108350.45$, starting today with strong negative pressure that supports the chances of surpassing this level to open the way to achieve more bearish correction in the upcoming period.