Copper price announced delaying the bullish trend by providing new negative closure below $5.9700 level, affected by stochastic negativity, forming some bearish corrective waves to settle near $5.7500.

The continuation of suffering negative pressures will increase the efficiency of the bearish corrective track in the near period, which makes us prefer targeting $5.6200 level, repeating the pressure on the extra support at $5.5100, forming confirmation key for the trend of the medium trading.

The expected trading range for today is between $5.6200 and $5.9200

Trend forecast: Bullish

The (ETHUSD) price declined in its last intraday trading, breaking the key support at $2,070, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, especially with its trading alongside main and minor trend line that support this path.

The (Brent) price settles on a decline in its last intraday trading, amid the attempts of gaining bullish momentum that might help it to recover and rise again, with the emergence of negative signals from there, amid the continuation of the dynamic positive support that is represented by its trading above EMA50, which reinforces the chances of the price recovery on near-term basis, especially with its trading alongside minor bullish trend line on short-term basis.

The (USDCHF) price rose in its last intraday trading, amid the emergence of positive signals from relative strength indicators, despite reaching overbought levels, amid the dominance of bullish corrective wave on short-term basis, with its trading alongside supportive trend line for this path, and the price is benefited from the dynamic support that is represented by its trading above EMA50, which reinforces the chances of extending its gains on near period.