Platinum price remains affected by stochastic positivity, which contradicts the bearish corrective scenario, recording some extra gains by reaching $1913.00 level, the price keeps providing positive trading until testing the bearish channel’s resistance at $1968.00, to begin forming new bearish waves to activate the bearish corrective scenario again.

The moving average 55 stability is near the previously mentioned resistance, to support the stability of the chances of targeting the negative stations, holding near $1835.00 and $1745.00 level.

The expected trading range for today is between $1775.00 and $1950.00

Trend forecast: Bearish

Copper price remains affected by the continuation of the main indicators’ contradiction, as it provided new sideways fluctuations, to keep its negative stability below the barrier at $5.5100, to support the chances of renewing the corrective attempts in the near and medium period.

While gaining negative momentum will increase the chances of reaching $5.2700 level, forming the initial target in the current period reaching $4.9500, while breaching the barrier will confirm delaying the negative attempts, to expect recording some gains by its rally towards $5.6300 and $5.7500.

The expected trading range for today is between $5.2700 and $5.5500

Trend forecast: Bearish

Ethereum (ETHUSD) rose during recent intraday trading after a sharp rebound in early moves, turning significant early losses into cautious gains. This recovery was supported by positive signs from the relative strength indicators after reaching oversold levels, helping the price alleviate part of the selling pressure. Earlier, the price was affected by a break of a short-term ascending trendline, while negative pressure continues as it trades below EMA50, limiting the chances of a sustained recovery in the near term.

Brent crude oil prices slightly declined during recent intraday trading, taking profits from previous gains while attempting to build positive momentum that could support a resumption of strong bullish movement. This comes amid ongoing dynamic support, as the price trades above EMA50, reinforcing the stability and dominance of the main short-term bullish trend. Price movements are also aligned along a trendline supporting this bullish path.

On the other hand, negative signals are beginning to appear from the relative strength indicators after reaching heavily overbought levels, which may extend the current short-term consolidation and volatility.