Platinum price without any new– Forecast today – 2-7-2025
Platinum price failed to achieve a new positive target, despite its stability within the bullish channel’s levels, affected by stochastic negativity that approaches from 50 level.
We expect the trading confinement in sideways range between the extra barrier at $1366.00 and the support level at $1333.00, to suggest the neutrality until the price success to surpass one of them, to provide confirmation signal for the trend, surpassing the barrier will reinforce the chances of recording new gains that might begin at $1400.00, while breaking the support will force it to form a bearish correctional waves, to expect reaching $1303.00 and $1275.00.
The expected trading range for today is between $1330.00 and $1366.00
Trend forecast: Neutral
Copper price hits the barrier– Forecast today – 2-7-2025
Copper price formed temporary bullish wave, to reach the barrier at $5.1000 level, to settle below it, confirming delaying the bullish attack and attempt to activate the previously suggested bearish correctional track.
The continuation of providing negative momentum by stochastic exit from the overbought level will increase the negative pressures, to keep our expectation by the attempt of targeting $4.9100 level and surpassing it will make $4.8100 level is the next correctional target in the current trading.
The expected trading range for today is between $4.9100 and $5.1000
Trend forecast: Bearish
The (ETHUSD) price attempts to offload its oversold conditions -Analysis- 02-07-2025
The (ETHUSD) price rose in its last intraday trading, attempting to recover some of previous losses, and attempts to offload some of its clear oversold conditions on the (RSI), especially with the appearance of the positive signals from them, with its affection by breaking bullish correctional trend line on the short-term basis, and there is negative pressure due to its trading below a previous EMA50.
Brent crude oil settles with a cautious rise- Analysis-02-07-2025
The (Brent) price settled high in its last intraday levels, affected by the stability of the critical support level at $66.50, providing bullish momentum if it remains stable, amid the dominance of bearish correctional wave on the short- term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the appearance of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared to the price move.