Platinum price achieves the target– Forecast today – 17-7-2025
AI Summary
- Platinum price achieved the target of $1420.00 and may reach $1457.00 next
- Price may need to trade sideways before breaching $1420.00
- Trend forecast is bullish with a trading range of $1400.00 to $1457.00
Platinum price succeeded in renewing the bullish attempts, taking advantage of the stability above the extra support level near $1366.00, reaching the target at $1420.00 and facing 2.618%Fibonacci extended level.
The price might be forced to form some sideways trading until confirming breaching the $1420.00 level, to reinforce the chances for targeting new positive stations that might extend to $1457.00 reaching the next main target at $1507.00.
The expected trading range for today is between $1400.00 and $1457.00
Trend forecast: Bullish
Copper price is without any change– Forecast today – 17-7-2025
No news for copper price, it remains confined between $5.3200 support and $5.5100 level which represents an extra barrier against the bullish attempts, and the contradiction between the main indicators confirming delaying the bullish attempts, to recommend neutrality and wait for surpassing these levels to detect the expected targets in the near trading.
Trading success in surpassing the barrier and holding above it will reinforce the dominance of the bullish bias, which might target $5.6700, while breaking the support will force it to form bearish correctional waves, to expect reaching $5.1500 and $4.9800.
The expected trading range for today is between $5.3100 and $5.5100
Trend forecast: Neutral
The (ETHUSD) is on a truce to catch breaths-Analysis- 17-07-2025
The (ETHUSD) price declined in its last intraday trading, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals emergence from them, gathering its positive strength that might assist it to recover and begin a new bullish wave, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
Brent crude oil is rising carefully- Analysis-17-07-2025
The (Brent) price rose in its last trading on the intraday levels, supported by the emergence of the positive signals on the (RSI), reaching exaggerated overbought levels compared to the price move, indicating the decline of the positive momentum around it, amid the continuation of the negative pressure due to its trading below EMA50, settling again alongside a main bullish trend line on the short-term basis.