Copper price continues to hold to the bearish corrective scenario, posting some downward corrective trades and settling near the $6.2400 level. We reiterate the importance of the price gathering additional negative momentum, which would strengthen the chances of attacking the support level at $6.1000 soon. A break below this level would open the way toward further corrective targets, starting at $5.9200 and then $5.8000.

On the other hand, the possibility of a renewed bullish move remains valid if the price succeeds in breaking above the $6.6000 level and maintaining stability above it. This would pave the way toward notable positive targets, beginning at $6.7300 and then $7.0000.

The expected trading range for today is between $6.1000 and $6.4200

Trend forecast: Bearish

Ethereum (ETHUSD) declined during recent intraday trading, pressured by negative signals from relative strength indicators and the dynamic resistance represented by trading below the EMA50. However, the price continues to hold onto its short-term corrective bullish trend, currently finding support along an ascending trend line, keeping recovery prospects alive for now.

Brent crude oil rose slightly during recent intraday trading, while remaining under negative pressure due to trading below EMA50, which limits the chances of a full recovery in the near term. The short-term bearish trend remains dominant, with the current move reflecting an attempt to recover part of the previous losses and ease oversold conditions on relative strength indicators, especially with the emergence of positive signals from them.

The USDCHF pair fluctuated during recent intraday sessions, attempting to build positive momentum that could support a renewed recovery and upward move. At the same time, the pair is working to ease overbought conditions on relative strength indicators, especially with the continuation of negative signals from them.

Despite these fluctuations, the pair remains supported by the EMA50, with trading above this dynamic support strengthening the dominant short-term bullish trend and maintaining positive pressure on price action.