Platinum price confirmed its surrender to the domination of the bullish bias by rallying above 50% Fibonacci correction level at 983.00$ yesterday, to notice forming new bullish waves and achieve the target at 998.00$.

The frequent stability above 983.00$ and the major indicators that provide the positive momentum will increase the efficiency of the bullish rally, to keep waiting to target new positive stations by targeting 1005.00$ followed by reaching the next barrier at 1017.00$.

The expected trading range for today is between 983.00$ and 1005.00$

Trend forecast: Bullish

Copper price succeeded to confirm breaching 4.8100$ level to rally towards the second positive target at 4.9000$ and settle near it, confirming keeping the bullish scenario for now.

We notice stochastic crawl towards the overbought areas to increase the chances of gathering the required additional positive momentum to target new positive stations that might extend towards the bullish channel’s resistance line around 5.000$, to form solid psychological barrier against the bullish trades.

The expected trading range for today is between 4.8200$ and 5.000$

Trend forecast: Bullish

Ethereum price (ETHUSD) managed to break the bearish pennant’s support line mentioned in our last report, to get negative motive that supports the chances of resuming the main bearish trend, but we notice that the price begins today with bullish bias affected by stochastic positivity.

Bitcoin price (BTCUSD) returned to test 80474.40$ level, noticing that the price consolidated well above it, accompanied by witnessing clear positive signals through stochastic, which supports the chances of rising again.