Copper price continued to provide sideways trading by its stability near the initial barrier at $5.5100 level, to announce delaying the attempts of resuming the bearish correction due to the continuation of the main indicators’ contradiction in the last period.

The price might continue to provide mixed sideways trading, to keep waiting for extra momentum, to ease the mission of reaching $5.2700 initially, attempting to reach the next target at $4.9500, confirming the importance of its stability in the current period below $5.6300.

The expected trading range for today is between $5.4000 and $5.5800

Trend forecast: Fluctuating

Ethereum (ETHUSD) declined during recent intraday sessions, confirming the break of a major short-term bullish trend line. The price remains under negative pressure due to the trading below EMA50, which reinforces the negative pressure on the price. The price is not affected by the emergence of positive signals from relative strength indicators, attempting to offload some of its clear oversold conditions, indicating the strength and volume of the negative pressure.

Brent Crude Oil fluctuated on its last intraday level, attempting to gain positive momentum to surpass the stubborn negative pressure of EMA50. The price is also trying to ease its overbought conditions on the relative strength indicators, despite some negative signals emerging, while the short-term bullish trend remains dominant, guided by an ascending trendline that reinforces the strength of this path.

The USDCHF pair advanced during recent intraday trading, testing the key resistance level at 0.7955, which had been a previous target in our analysis. The pair remains supported by the short-term uptrend, moving along a minor ascending trendline and staying above EMA50, providing dynamic support that increases the likelihood of breaking this resistance. After offloading some of the overbought conditions on the relative strength indicators, opening the way for targeting new resistance levels.