Copper price succeeded in activating the bearish corrective track by reaching below $5.5100 level, to begin targeting the negative stations by reaching $5.2400 level, to form an intraday positive rebound towards $5.4200 to gather extra negative momentum in the current period.

Providing daily negative closes below the broken support is important to reinforce the dominance of the bearish corrective trend, which might target extra stations that begin at $5.1600 and $4.9200.

The expected trading range for today is between $5.5500 and $5.8500

Trend forecast: Bearish

Ethereum (ETHUSD) settles with cautious gains in its recent intraday trading , attempting to recover some of its previous losses, and attempts to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, affected by breaking minor bullish trend line of the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis.

Brent crude oil is experiencing volatile trading in its recent intraday sessions, as it attempts to find an ascending bottom that could serve as a base to gain the positive momentum needed for recovery. This comes amid continued positive pressure from trading above EMA50, along with movements along a short-term minor upward trendline, which enhances the chances of a near-term recovery.

Additionally, the relative strength indicators have reached heavily oversold levels compared to price movement, suggesting the formation of a potential bullish divergence.

The USDCHF pair rose during its latest intraday trading, benefiting from support of EMA50. This provided positive momentum that helped achieve these gains, amid the dominance of the main bullish trend in the short term, with price movements aligned along a supporting trendline.

In the background, we also notice the emergence of a bullish crossover on the relative strength indicators after reaching heavily oversold levels.