The pair failed to hold above the 212.00 level for long, as the main indicators showed conflicting signals. It is currently trading sideways, fluctuating near 211.90, while maintaining its chances of resuming its bullish corrective attempts, supported by the formation of the first additional support level at 210.40.
We recommend waiting for confirmation of a breakout above 212.00, as this would activate the bullish corrective move, to head toward resistance at 213.50, which represents the key level for confirming the overall direction of upcoming trading.
The expected trading range for today is between 211.35 and 213.00
Trend forecast: Bullish
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Platinum remains committed to its bullish corrective attempts, supported by its repeated stability above $1515.00. In addition, the Stochastic indicator has reached overbought territory, leading us to expect the price to attempt a test of $1610.00 in the near term. A break above this barrier could extend trading toward the next corrective target near $1580.00.
MoreCopper confirmed its commitment to the previously suggested bearish scenario by closing below the additional resistance level at $6.4200 once again, forming several bearish waves and reaching $6.1660.
More(ETHUSD) rose slightly in its latest intraday trading after the stability of the key 2,000$ support level, which was a price target in our earlier analysis. This provided the price with some positive momentum, helping it achieve these limited and cautious gains as it attempts to recoup part of its previous losses, and the price attempts to ease some of its clearly oversold conditions on the relative strength indicators, with positive signals beginning to emerge from these indicators.
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