Copper price activated the negative attempts, to press on the moving average 55, approaching the initial target at $5.9500 to settle near $6.0500.

Reminding you that the stability below the barrier near $6.3000, beside stochastic attempt to provide negative momentum supports the chances of resuming the bearish corrective attempts by reaching below the moving average 55 and reaching the extra negative stations near $5.8200 and $5.7100.

The expected trading range for today is between $5.8200 and $6.1500

Trend forecast: Bearish

(ETHUSD) settles on series of consecutive losses in its latest intraday trading, attempting to look for higher low to use it as a base that may help it to gain the required bullish momentum for its recovery, leaning on EMA50’s support, amid the dominance of the bullish corrective trend on the short-term basis, with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.

Brent crude oil fluctuated in its recent intraday trading, attempting to gain bullish momentum that might help it to breach main baerish trend line on the short-term basis, accompanied by its attempt to offload the overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of strong bullish corrective wave on the intraday levels, besides a positive dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the gains in the upcoming near period.

The USDCHF pair declined in its last intraday trading, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, attempting to gain bullish momentum that might help it to recover and rise again, leaning on EMA50’s support, as a strong chance for gaining this momentum, especially with the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path.