Copper price delays its decline – Forecast today – 5-11-2026

(ETHUSD) settled with a series of gains in its recent intraday trading, confirming a breakout above the $2,400 resistance level, which represented our price target in previous analysis. The price is benefiting from its earlier break above a main short-term bearish trend line, while positive pressure continues as it trades above EMA50, which provides a dynamic support base and strengthens the chances of extending its gains in the near term.

Brent crude oil recorded successive sharp losses in its recent intraday trading, after breaking below the $97.50 support level, which represented our final price target in previous analysis. The decline comes amid the earlier break below a major short-term ascending trend line, while negative pressure persists as the price trades below EMA50, adding to the downward pressure, accompanied by negative signals from the relative strength indicators despite the indicators reaching deeply oversold levels.

The USDCHF pair declined in its latest intraday trading, breaking below the current support level at 0.8150. This comes amid the dominance of a short-term bearish corrective trend, with the pair moving alongside a supporting trend line. It also continues to face negative pressure as it trades below EMA50, which acts as dynamic resistance and increases the likelihood of further losses in the near term, particularly with negative signals emerging from the relative strength indicators.