Platinum price provided weak sideways trading in the last period, by its fluctuation near $1635.00 level, affected by the contradiction of the main indicators by providing positive momentum against the negative stability below $1745.00.
Reminding you that gathering negative momentum is important to ease the mission of breaking $1605.00 level, and holding below it to target the negative stations, which might begin at $1570.00 and $1510.00.
The expected trading range for today is between $1570.00 and $1680.00
Trend forecast: Bearish
Copper price forced to provide slow sideways trading, due to the contradiction of the main indicators against holding below $6.3000 barrier, the price needs to settle below $5.9500 level, reinforcing the chances of targeting the corrective stations, which might begin at $5.8200 and $5.7100.
Surpassing the barrier will cancel the corrective scenario, to open the way for recording clear gains by its rally towards $5.4300 initially, to attempt to surpass $6.5200, to confirm the continuation of the positivity in the upcoming trading.
The expected trading range for today is between $5.9500 and $6.2600
Trend forecast: Bearish
(ETHUSD) declined in its latest intraday trading, with the emergence of negative signals from the relative strength indicators, attempting to look for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery and rising again, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, which represents dynamic support that reinforces the recovery chances in the upcoming period.
Brent crude oil settles on series of consecutive gains in its recent intraday trading, benefited from the positive dynamic support that is represented by its trading above EMA50, dominated by a strong bullish corrective wave on the short-term basis, on the other hand, we notice the emergence of negative signals from the relative strength indicators, after reaching overbought levels, which may reduce the upcoming gains due to its neediness to offload some of the overbought conditions.