Despite the stability of Platinum price above $1950.00 support, the main indicators keep providing negative momentum, and the continuation of forming $20.80.00 level a main barrier against the current trading, noticing the weakness of the trading, which increases the chances of breaking the current support, to resume the corrective attempts by targeting $1910.00 and 1865.00.
The expected trading range for today is between $1910.00 and $2030.00
Trend forecast: Bearish
Copper price settled with the bearish corrective track by providing negative closes below the extra barrier at $6.3800 level, fluctuating again near $6.1700 level.
The price needs to break the initial support at $6.1000 to resume the negative attempts, opening the way for targeting extra corrective stations that might begin at $5.9500 and $5.8000, while surpassing $6.3800 level and holding above it will increase the chances of forming bullish waves, to expect targeting %100 Fibonacci extension level at $6.5400.
The expected trading range for today is between $5.9500 and $6.3000
Trend forecast: Bearish
Ethereum (ETHUSD) is holding cautious intraday gains, supported by emerging positive signals from the relative strength indicators after reaching deeply oversold conditions, which helped ease selling pressure and allowed partial recovery from previous losses. However, downside pressure persists as the price remains below the EMA50, reinforcing the dominance of the short-term bearish trend.
Brent crude oil fluctuated during recent intraday sessions, affected by the stability of the key resistance level at $109.00. The price is attempting to build positive momentum to break this barrier, supported by continued trading above EMA50, which reinforces the short-term bullish trend and overall stability. The price is also moving along a supportive trendline that strengthens this upward bias.
Additionally, a positive crossover has started to appear on the relative strength indicators after easing previous overbought conditions, which may support further upward movement if momentum continues to build.