Platinum price succeeded in forming a new bullish rally this morning, achieving the previously suggested main target by reaching $1973.00, facing a %161.8 Fibonacci extension level which forms strong barrier against bullish trading.

The stability of the trading below this barrier might activate the attempts of gathering some gains, to reach $1900.00 then attempts to test the extra support at $1860.00, while breaching the barrier and holding above it will ease the mission of recording new historical gains that might extend towards 2000.00 psychological barrier.

The expected trading range for today is between $1890.00 and $1970.00

Trend forecast: Fluctuated within the bullish track

Copper price neediness to the bullish momentum led to end the last bullish rally by hitting $5.4300 level, which forces it to form sideways trading to settle near $5.3000, keeping our bullish expectations depending on the stability of extra support at $5.1300, to confirm gathering extra bullish momentum to press on the barrier at $5.5000, surpassing it will open the way for recording extra gains by its rally towards $5.6300 and $5.7400.

While the decline below the extra support and providing negative close will confirm its surrender to the bearish corrective bias, to expect suffering several losses by reaching $4.9200 initially.

The expected trading range for today is between $5.2000 and $5.5000

Trend forecast: Bullish

 The (ETHUSD) price settled on sharp losses during its last intraday trading, breaking bullish corrective trend line on the short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price, with the emergence of negative signals on the relative strength indicators, despite reaching oversold levels.

The (Brent) price declined on its last intraday trading, with the beginning of forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of negative signals, testing steep minor bearish trend line on the short-term basis, indicating its dominance which intensifies with its trading below EMA50.