Copper price failed to confirm its stability above$5.5100 level, after facing new resistance near $5.6200 level, which forces it to end the bullish attempts and return to fluctuate near $5.5100 again.

The stability below the current resistance makes us wait for gathering the negative momentum, to begin forming strong bearish waves, to reach $5.2700 to attempt to press on $4.9500 barrier.

The expected trading range for today is between $5.2700 and $5.6200

Trend forecast: Bearish

Ethereum (ETHUSD) declined during its recent intraday trading, influenced by negative signals from the relative strength indicators after it reached heavily overbought levels. This drop reflects an attempt by the price to find a rising floor, which could serve as a base to regain the positive momentum needed for recovery. The pair is currently supported by its EMA50, providing a strong opportunity to regain bullish momentum, amid the dominance of a short-term uptrend, with prices moving along a supportive trendline.

Brent Crude Oil surged during its recent intraday trading, resuming movements along a short-term main bullish trendline, signaling a recovery. This came after breaking above EMA50, which relieved the negative pressure and boosted the chances of extending these gains. The move is supported by positive signals from the relative strength indicators, following its earlier reach into heavily oversold levels.

The USDCHF pair extended its strong gains during recent intraday trading, supported by a previously established short-term bullish trendline. This came alongside support at EMA50, which amplified the positive momentum and drove these sharp gains. Additionally, positive signals from the relative strength indicators emerged, following their earlier reach into heavily oversold levels.