Copper price opened this morning trading by forming negative gap by reaching $5.9400 level, to bounce higher above $5.9700 level, which represents the main factor to confirm the positivity of the near and medium- period trading.

The price needs a new bullish momentum that allows it to provide positive close above $5.9700, to begin targeting positive stations by its rally towards $6.1550 and $6.2500, while it returns to settle below $5.9700 will force it to form new bearish waves, to expect reaching $5.8200 before recording any of the positive targeta.

The expected trading range for today is between $5.9100 and $6.1550

Trend forecast: Bullish

Ethereum price (ETHUSD) declined during its recent intraday trading, affected by continued movement below its EMA50, which creates dynamic bearish pressure that limits any short-term recovery attempts, with the emergence of negative signals from relative strength indicators, despite their stability in deeply oversold levels, the price exits a short-term bullish channel that had limited its previous short-term trading.

Brent crude oil is holding strong gains during recent intraday trading, as it attempts to recover part of its previous losses. At the same time, the price is working to ease its clear oversold condition on relative strength indicators, especially with the emergence of positive signals, amid the continuation of the dynamic negative pressure that is represented by its trading below EMA50, which reinforces the dominance and stability of the bearish corrective trend, especially with the trading alongside supportive trend line for this path. 

The USDCHF pair surged during its recent intraday trading, supported by emerging positive signals from relative strength indicators after previously reaching deeply oversold levels. This rise reflects an attempt to recover part of prior losses.

However, the upward move led the pair to test a short-term descending corrective trendline, which has temporarily stopped the recent gains. This comes alongside continued bearish pressure as the pair remains trading below EMA50, which limits the chances of a full recovery in the near term.