Platinum price succeeded by forming extra bullish waves, to settle near 1275.00 level that formed the previously awaited main target, then forming sideways trading due to stochastic attempt to exit the overbought level as appears in the above image.
We expect the affection of the price by the sideways bias domination temporarily, but its stability above $1223.00, which forms new support against the bullish trading will increase the chances for gathering the positive momentum, to expect the attempt of targeting $1302.00 level, to form a new extra target for the current trading.
The expected trading range for today is between $1245.00 and $ 1302.00
Trend forecast: Bullish
No news for copper price to keep providing mixed trading, attempting to face stochastic negativity, keeping the chances for resuming the bullish attack in the near period, depending on forming an extra support level at $4.6600 by 50%Fibonacci correction level.
We expect forming bullish waves, to attempt to press on the barrier at $4.8900, and surpassing it will reinforce the chances for achieving new gains by its rally at $5.0300 reaching the next target at $5.1200.
The expected trading range for today is between $4.7100 and $4.8900
Trend forecast: Bullish
The (ETHUSD) price settled on a decline in its last intraday trading, leaning on the critical support at $2,735, amid the emergence of the negative signals on the (RSI), after reaching overbought level previously, attempting to gain a positive momentum that might assist it to recover and rise again, amid its trading alongside a main bullish trend line on the short-term basis, with the reach on the (RSI) indicators to exaggerated oversold levels compared by the price move, which increases the positive momentum.
The (Brent) price declined in its last intraday trading, gathering the gains of its last rises, attempting to gain a positive momentum that might assist it to rise again, and it is attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals appearance from it, this comes after the price success to breach the critical resistance level at $67.75, supported by its continuous trading above its EMA50, and under the dominance of the main bullish trend and its trading alongside a bias line.