Copper price began to form negative trading, depending on the continuation of forming a main barrier at $5.1000 level, approaching the initial correctional target near $4.9100.

The continuation of providing negative momentum by stochastic makes us expect forming a new sharp decline, to attempt to reach extra correctional stations that begin at $4.8650 and $4.8100, to confirm that the daily stability below the mentioned barrier is important to avoid any attempt for changing the current trend.

The expected trading range for today is between $4.8650 and $5.0000

Trend forecast: Bearish

The (ETHUSD) price rose in its last intraday trading, supported by its continuous trading above its EMA50, gaining positive momentum amid the dominance of the bullish correctional trend on the short-term basis, with the negative signals emerging on the (RSI), reinforcing the bullish scenario.

The (Brent) price settled low in its last intraday levels, due to the stability of the resistance level at $68.70, which put it under negative pressure, especially with the emergence of the negative signals on the (RSI), after reaching overbought levels, to surpass the support of its EMA50, increasing the negative pressure that prevents its recovery.

The (silver) price declined in its last intraday trading, with the emerging of the negative signals on the (RSI), after reaching overbought levels lower that the price current move, to form a negative divergens that caused a pressure on the current trading, on the other hand, the price take advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.