Platinum price is affected by the dominance of the bullish corrective trend, by providing a positive close above $1560.00 level, forming several bullish waves and its stability above the initial target at $1640.00 level.
Forming extra support at $1605.00 level and providing positive momentum by stochastic , these factors support the chances of recording extra gains to expect targeting $1690.00 level reaching the next barrier at $1740.00.
The expected trading range for today is between $1620.00 and $1690.00
Trend forecast: Bullish
Copper price formed bullish rally yesterday, achieving some gains by reaching $6.490 level, approaching the barrier at $6.5100, representing a confirmation key for activating the bullish trend.
The price might be forced to form some sideways trading, however the continuation of providing positive momentum by the main indicators will increase the chances of surpassing the current barrier, to expect targeting new positive stations that might begin at $6.6100 and $6.7300.
The expected trading range for today is between $6.3500 and $6.6100
Trend forecast: Bullish
(ETHUSD) fluctuated in its latest intraday trading, due to the stability of the key resistance level at $1,935, which was our last expected target in our previous analysis, attempting to gain bullish momentum that might help it to breach this resistance, and it attempts to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, which make the indicators enter severe oversold levels compared to the price action, in a strong signals for entering a new bullish momentum that supports its recovery, amid the dominance of the main bullish trend on the short-term basis.
Brent crude oil settles on strong gains in its recent intraday trading, reaching $90.50 resistance, which represented our previous expected target, benefiting from the continued dynamic support due to its trading above EMA50, reinforcing the chances of breaching this resistance, amid the dominance of the bullish corrective trend, with its trading alongside supportive trend line for this path, on the other hand, we notice a negative overlapping signals from the relative strength indicators, which might reduce the upcoming gains.