Copper price repeated its fluctuation in the last period below the barrier at $5.1000, as its stability decelerates the chances for resuming the main bullish attack, stochastic exit from the overbought level makes us expect gathering the negative momentum, reinforcing the chances for the attempts of gathering the gains by forming bearish correctional waves, to target $4.9100 level reaching the next support near $4.8100.
Note that the price success to breach the barrier and holding above it will reinforce the positive chances again, opening the way for targeting some extra positive stations by its rally to $5.1900 and $5.3200.
The expected trading range for today is between $4.9100 and $5.1000
Trend forecast: Bearish
The (ETHUSD) price declined in its last intraday trading, attempting to gather a positive momentum that might help it to keep the bullish correctional trend on the short- term basis amid its trading alongside a bias line, with the continuation of the positive support due to its trading above EMA50, besides the emergence of the bullish signals on the (RSI).
The (Brent) price declined in its last intraday levels, with the continuation of the negative pressure due to its trading below EMA50, to settle below EMA50, to settle below the critical support level at $66.50, to confirm breaking this support, amid the dominance of bearish correctional wave on the short-term basis, with the emergence of the negative signals on the (RSI).
The (silver) price declined in its last intraday trading, amid the continuation of the dynamic resistance that is represented by its trading below its EMA50, which prevents its rise in the last period, especially with the emergence of the negative signals on the (RSI), after reaching overbought levels, to break a minor bullish trend line on the short-term basis, reinforcing the negative scenario.