Platinum price remains affected by the negative pressure, to confirm delaying the main bullish trend by reaching below the moving average 55 by its fluctuation near $1980.00.
Providing negative momentum makes us expect targeting $1950.00 support, where breaking it will open the way for targeting new corrective stations that might begin at $1910.00 and $1865.00, while regaining the bullish bias depends on the stability above $2085.00 level.
The expected trading range for today is between $1910.00 and $2040.00
Trend forecast: Bearish
Copper price remains weak by its fluctuations near the initial support at $5.9700 level, affected by stochastic negativity, which might increase the chances of activating the previously suggested bearish corrective track.
Forming a strong obstacle at $6.1200 level against the current trading supports our corrective scenario, which might target $5.8900 and $5.8200.
The expected trading range for today is between $5.8900 and $6.1200
Trend forecast: Bearish
Ethereum (ETHUSD) rose during recent intraday trading, attempting to recover part of its previous losses while its is offloading clear oversold conditions on relative strength indicators, with early positive signals beginning to appear, however, the overall technical picture remains negative. The price is still affected by a prior break of a short-term ascending trend line, and it continues to trade below EMA50, which adds dynamic negative pressure and strengthens the bearish outlook.
Brent crude oil rose during recent intraday trading, supported by a strong short-term bullish wave, with the continuation of the trading above EMA50, providing positive dynamic support and reinforcing the stability of the upward trend, especially with ongoing positive signals from relative strength indicators.
However, these indicators have reached heavily overbought levels, which may limit further gains in the near term.