Copper price formed bullish rally yesterday, achieving some gains by reaching $6.490 level, approaching the barrier at $6.5100, representing a confirmation key for activating the bullish trend.

The price might be forced to form some sideways trading, however the continuation of providing positive momentum by the main indicators will increase the chances of surpassing the current barrier, to expect targeting new positive stations that might begin at $6.6100 and $6.7300.

The expected trading range for today is between $6.3500 and $6.6100

Trend forecast: Bullish

(ETHUSD) fluctuated in its latest intraday trading, due to the stability of the key resistance level at $1,935, which was our last expected target in our previous analysis, attempting to gain bullish momentum that might help it to breach this resistance, and it attempts to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, which make the indicators enter severe oversold levels compared to the price action, in a strong signals for entering a new bullish momentum that supports its recovery, amid the dominance of the main bullish trend on the short-term basis.

Brent crude oil settles on strong gains in its recent intraday trading, reaching $90.50 resistance, which represented our previous expected target, benefiting from the continued dynamic support due to its trading above EMA50, reinforcing the chances of breaching this resistance, amid the dominance of the bullish corrective trend, with its trading alongside supportive trend line for this path, on the other hand, we notice a negative overlapping signals from the relative strength indicators, which might reduce the upcoming gains.

The USDCHF pair settles in series of consecutive gains on its last intraday levels, preparing to reach the near key resistance at 0.8140, which was our previous expected target, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, on the other hand, we notice negative crossover on the relative strength indicators, after reaching overbought levels, which might reduce the strength of the rise in the near upcoming period.