The pair failed to resume its bearish attempts due to contradiction of the main indicators, particularly with the 55-period Moving Average forming additional support near 212.30. This forced the price to show weak mixed movements, fluctuating around the 213.20 level.

We emphasize the importance of keeping current trading below 213.50, as this would increase the chances of gathering the required negative momentum to attack the 55-period Moving Average and potentially target further downside levels at 211.80 and 211.30 respectively.

However, a breakout above 213.50 and holding above it would delay the bearish scenario, opening the way for some gains toward 214.10, followed by the key resistance level at 214.50.

The expected trading range for today is between 211.80 and 213.70.

Trend forecast: Bearish

Platinum price has maintained its bearish path after breaking below the support level at $1,605.00, currently fluctuating near the first additional target at $1,565.00.

With continued negative momentum and the formation of the $1,660.00 level as an additional resistance barrier, the price is expected to form new bearish waves, targeting $1,490.00, followed by the next support level at $1,440.00.

The expected trading range for today is between $1,490.00 and $1,630.00.

Trend forecast: Bearish

Copper  continued forming bearish corrective movements since yesterday’s trading, taking advantage of its break below the additional support level at $6.1000. The price managed to reach the first target at $5.900 before showing a temporary positive rebound aimed at gathering additional negative momentum.

Currently, we are relying on the $6.3000 level as the first major resistance barrier. If negative momentum remains available, the price is expected to resume its corrective decline, with potential targets at $5.8000 and $5.7300.

The expected trading range for today is between $5.8000 and $6.1500.

Trend forecast: Bearish

(ETHUSD) settles with strong gains in its recent intraday trading due to the stability of the key support at $1,550, which was our last expected target, providing bullish momentum that helped it to achieve these gains, to recover some of its previous losses, and offloading its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis.