The pair’s price remains affected by conflicting signals from the main indicators, forcing it to trade sideways with repeated fluctuations below the 218.60 level, which currently represents a temporary barrier against further bullish momentum. As a result, the price has entered a new sideways range, settling near the 218.00 level.

We reiterate that the bullish scenario remains valid as long as the support level at 216.75 holds. Furthermore, the continued formation of 217.50 as additional support leads us to expect the price to gather positive momentum, enabling it to break above the barrier and then reach the next bullish targets, which may begin at 219.40 and 220.00.

The expected trading range for today is between 217.85 and 219.40

Trend forecast: Bullish

The platinum price ended its recent positive momentum after hitting $1690.00 level, which acted as an additional barrier against the bullish corrective scenario. The price has been forming negative waves since yesterday, currently settling near $1580.00.

The price’s attempt to remain below the $1605.00 level, coupled with the main indicators showing negative momentum, supports the chances of the bearish trend taking control. We expect the price to reach the $1555.00 level, followed by an attempt to reach the next target, near $1515.00.

The expected trading range for today is between $1515.00 and$1620.00

Trend forecast: Bearish

Copper price failed in breaching the barrier at $6.5100, forcing it to delay the bullish trend and providing a clear negative rebound, to settle near $6.2500, the current decline will not affect the chances of renewing the bullish trend, depending on the stability of the extra support at $6.1000, to wait for gathering positive momentum and begin forming bullish waves, to repeat the pressure on the mentioned barrier.

While the decline below the additional support and providing negative close will increase the strength of the bearish corrective track, to expect suffering several losses by reaching $5.9200 and $5.8100.

The expected trading range for today is between $6.1500 and $6.5000

Trend forecast: Fluctuated within the bullish trend

(ETHUSD) kept declining in its latest intraday trading, to break a main bullish trend line on the short-term basis, accompanied by surpassing EMA50’s support, intensifying the likelihood of deepening these losses in the near upcoming period, especially with the emergence of positive signals from the relative strength indicators, after reaching oversold levels, which did not affect the price action, indicating the dominance of the selling powers.