Copper price began activating with the positive factors, represented by the stability within the bullish channel’s level and forming extra support at $5.1300 level, approaching the initial main target at $5.500.

Stochastic success to settle within the overbought level might increase the positive pressures on the price to expect breaching $5.5000 level to begin recording extra gains by reaching $5.6300 and $5.7400.

The expected trading range for today is between $5.3500 and $5.5500

Trend forecast: Bullish

The (ETHUSD) price witnessed fluctuated trading in its last intraday levels, supported by the emergence of positive signals from relative strength indicators, after reaching oversold levels, affected by the dynamic support due to its trading above EMA50, attacking $3,045 resistance, affected by breaching minor bearish trend line previously on the short-term basis.

The (Brent) price kept rising during its last intraday trading, to surpass the resistance of EMA50, attempting to get rid of its negative pressure, affected by its exit from the minor bearish channel’s range that was confining its previous trading on the short-term basis, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.

Silver price soared during its last intraday trading, breaching $66.90 key resistance, which represents a target in our previous analysis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line, besides the emergence of positive signals on the relative strength indicators, despite reaching overbought levels.