The pair continues to remain positioned within a positive trend so far, supported by the formation of the 213.50 level as the first key support. This has led to renewed attempts to reach the resistance near 215.50, in an effort to find a breakout path to resume the upward movement in the short to medium term trading.
Based on the above, we will remain waiting for the price to achieve the required breakout, which would increase the likelihood of targeting 216.10 and 216.65 initially. With continued positive factors, the movement could extend toward 217.50, which represents the first main target of the upward trend.
The expected trading range for today is between 214.00 and 216.10
Trend forecast: Bullish
Platinum price continued to form positive trading, benefiting from the formation of the $1640.00 level as a strong additional support, leading to its current attempt to attack the initial barrier at $1770.00, to find a path for further upward waves in the near term.
Note that the attempt of stochastic to provide positive momentum could push the price to surpass the current barrier, to expect reaching $1865.00, to attempt to test the main resistance located around $1922.00. On the other hand, failure to break out would force mixed trading, with a renewed chance of declining toward $1690.00.
The expected trading range for today is between $1720.00 and $1865.00.
Trend forecast: Bullish
Copper price activated since this morning’s trading to the positive signals from the main indicators, maintaining its position above the stable support level at $6.1000, as we notice the beginning of forming new upward waves that have settled it near $6.5000.
We reiterate that confirmation of the price’s readiness to resume the upward momentum will remain valid unless the resistance level at $6.6000 is broken. In that case, the price may shift into new sideways trading. However, a successful breakout and stability above this resistance would make it easier for the price to reach additional targets, which may start at $6.7800 and $6.9200.
The expected trading range for today is between $5.3500 and $6.6000
Trend forecast: Fluctuating
Ethereum is holding onto its recent intraday gains after breaking above the key resistance at $1,700, supported by a short-term corrective uptrend, moving along an ascending trendline that reinforces the bullish structure.
The outlook is strengthened by trading above the EMA50, which continues to provide dynamic support and supports the possibility of extending gains in the near term. Relative strength indicators are also sending positive signals, indicating sustained bullish momentum.