Copper price activated with stochastic positivity, to confirm the stability of the bullish scenario by surpassing the initial barrier at $5.2000 and recording extra gains.

Forming extra support at $4.9500 level, to increase the efficiency of the bullish scenario to keep waiting for targeting $5.3200 level, reaching 161.8% Fibonacci extension level at $5.5000, to form the next main target in the current trading. 

The expected trading range for today is between $5.0600 and $5.3200

Trend forecast: Bullish

The (ETHUSD) price declined sharply in its last intraday trading, surpassing the support of ist EMA50, which puts it under negative pressure to announce ending the main bearish trend on the short-term basis, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, intensifying the negative pressures.

The (Brent) price rose in its last intraday trading, affected by the dynamic support that is represented by its trading above EMA50, affected by its exit from minor bearish channel’s range that limited its previous trading on the short-term basis, to confirm breaching the key resistance at $62.95, after offloading its overbought conditions on the relative strength indicators, opening the way for achieving more gains on the near-term basis.

Silver price surged high in its last intraday trading, breaching the key resistance at $54.35, recording series of new all-time highs, which led to breach the next key resistance at $55.80,this resistance represents our target in our previous analysis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive minor and main trend lines for this trend, with the emergence of the positive signals in the relative strength indicators, despite reaching overbought levels.