Copper price renewed the bullish attempts since Friday, approaching the barrier at $5.9700 level to find an exit for resuming the suggested bullish trend, waiting for achieving the required breach to avoid any unexpected corrective rebound, to confirm targeting new historical stations that might extend towards $6.1200 and $6.2400.

While the failure of the breach might force the price, activating with stochastic exit from the overbought level, forcing it to activate the attempts of gathering the gains by reaching $5.6200, to press on $5.5100 support.

The expected trading range for today is between $5.8100 and $6.1200

Trend forecast: Bullish

The (ETHUSD) price rose in its last trading on the intraday levels, attempting to recover some previous losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which intensifies the negative pressures.

The (Brent) price keeps its gains in its last intraday trading, attempting to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to recover and rise again, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, with the dominance of the main bullish trend on short-term basis, with its trading alongside minor trendline that supports this trend.

The (USDCHF) price kept declining in its last intraday trading, to break 0.7815 support, amid full dominance for the main bearish trend on short-term basis with its trading alongside minor supportive trend line, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative signals from relative strength indicators, despite reaching oversold levels.