Copper price attempted to surpass stochastic negativity by its stability yesterday above $4.9000 level, which forms 68.00%Fibonacci correction level, to reinforce its stability within the bullish channel’s levels, extending its support to $4.8400.

Note that the continuation of the main indicator’s contradiction might push the price to provide weak sideways trading, but the bearish correctional suggestion will remain valid, depending on the stability of the barrier at $5.1000, to expect testing the bullish channel’s support, then monitor its behavior to detect the expected trend on the upcoming trading.

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

Trend forecast: Fluctuated within the bullish track

The (ETHUSD) price rose in its last intraday trading, due to its lean on the support of its EMA50, providing positive momentum that assisted it to keep its last declines, amid the dominance of the bullish correctional trend on the short-term basis, with the (RSI) reach to the oversold levels.

The (Brent) price settled low in its last intraday levels, due to the stability of the resistance level at $68.70, supported by its continuous trading above its EMA50, and under a minor bullish channel’s wave on the intraday levels, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, which might decelerate the price gains temporarily.

The (silver) price settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, beside the emergence of the positive signals on the (RSI), despite reaching overbought levels.