Copper price succeeded in recording some gains by hitting $5.1200 level, depending on the positive factors that are represented by the stability of the support level at $4.7500, besides the continuation of the positive factors that are represented by the support at $4.7500 besides the continuation of the attempts to provide bullish momentum by the main indicators.

Reminding you that surpassing the barrier at $5.2000 and holding above it is important to reinforce the efficiency of the bullish scenario, then begin targeting new positive stations by its rally towards $5.3200 and $5.5000. 

The expected trading range for today is between $4.9800 and $5.2000

Trend forecast: Bullish

 The (ETHUSD) price rose in its last intraday trading, supported by its continuous trading above EMA50, representing dynamic support that provides renewed bullish momentum, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, to reach the resistance of the main bearish trend line on the short-term basis, if it breaches it this will be announcement for its momentum to continue the corrective rise on the near-term basis.

The (Brent) price rose in its last intraday trading, supported by the emergence of positive signals on the relative strength indicators, after offloading its overbought levels in its previous trading, on the other hand, the bearish trend remains dominant on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of the recovery in the upcoming period.

Silver price declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, to gather its positive strength that may help it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside trend line, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.