Copper price benefited by the main indicators’ positivity, forming some bullish waves, approaching the initial target at $5.5600, to confirm the main bullish scenario.

Forming extra support at $6.2500 level besides the continuation of facing the positive pressure we expect forming bullish rally to surpass the recently achieved top and targeting $6.7400 level, to form the next main target in the near-term trading.

The expected trading range for today is between $6.3800 and $6.7400

Trend forecast: Bullish

Ethereum (ETHUSD) declined in recent intraday trading after previously easing oversold conditions on the relative strength indicators. Currently, new bearish crossover signals are emerging, adding further downside pressure in the near term.

The broader short-term trend remains bearish, supported by trading below the EMA50 and movement along a descending trendline, which continues to limit recovery attempts and reinforce weakness in price structure.

Brent crude oil declined in recent intraday trading after a bearish divergence formed on the relative strength indicators, following overbought conditions that appeared exaggerated compared to price movement. This has generated renewed negative signals and added pressure on the market.

Downside momentum is also reinforced by trading below the EMA50, which continues to limit recovery attempts. In addition, the price remains within a short-term descending trendline, supporting the prevailing bearish structure.

USDCHF rose in recent intraday trading, benefited from the positive dynamic support by its movement above its EMA50, with the dominance of minor strong bullish wave on the short-term basis, on the other hand, relative strength indicators are beginning to show negative signals after reaching overbought levels, which may obstruct the recovery in the near term.