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Platinum prices test the barrier– Forecast today – 16-7-2026

Economies.com
2026-07-16 05:12 UTC

 

 

Platinum price faced positive pressures due to stochastic approach from 80 level, pushing it to form some bullish trading, to test the initial barrier near $1690.00 to settle below it.

 

The stability of the trading below the current barrier might make the price begin forming bearish waves, to attempt to reach $1610.00, and providing negative momentum might extend the trading towards $1570.00, while breaching the barrier will reinforce the chances of recording extra gains by its rally towards $1730.00 directly reaching the main barrier near $1755.00.

 

The expected trading range for today is between $1610.00 and $1670.00

 

Trend forecast: Bearish

Copper price prefers the positivity– Forecast today – 16-7-2026

Economies.com
2026-07-16 05:12 UTC

 

Copper price continued forming bullish trading, as the negative pressure repeated at $6.3000, attempting to find a chance for recording extra gains in the near period, and the price needs to provide a new close above the current barrier, to reinforce the chances of forming a new bullish rally, to expect reaching $6.4800 followed by $6.5400.

 

Note that the main indicators will support the bullish scenario in the current trading, to keep waiting for recording the previously suggested expected gains, while the risk of the price return to the bearish corrective trend requires a sharp decline, to settle below $5.9500 level.

 

The expected trading range for today is between $6.2500 and $4.4800

 

Trend forecast: Bullish

Ethereum (ETHUSD) reaches our expected target– Analysis – 16-07-2026

Economies.com
2026-07-16 02:59 UTC

 

 

(ETHUSD) declined in its latest intraday levels, affected by the stability of the resistance at $1,935, which represents our last expected targets in our previous analysis, to gather its previous rises, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on the short-term basis.

 

 

Brent Crude Oil is Surrounded by Positive Pressure – Analysis – 16-07-2026

Economies.com
2026-07-16 02:55 UTC

 

 

Brent crude oil is fluctuating in its recent intraday trading, amid the attempts to gain bullish momentum that might help it to breach $86.00 resistance, taking advantage of the dynamic support that is represented by its trading above EMA50, with the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, which supports targeting new resistance levels in the near upcoming period, with the dominance of the bullish corrective trend on the short-term basis.