Copper price recorded some gains by hitting $5.2600 level, to bounce below $5.2000 level again, forcing it to form mixed trading with its stability near $5.1400.

The last rebound will not threaten the bullish scenario due to the stability within the extra bullish channel’s levels, for the continuation of forming initial support at $4.7500 level, therefore, we will keep our bullish expectation that may target $5.3200 level reaching the next main target at $4.5000.

The expected trading range for today is between $5.0600 and $5.3200

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, amid the continuation of the dynamic negative pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend, especially with its trading alongside minor trend line on the short-term basis, attempting to recover some previous losses, and attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there.

The (Brent) price declined in fluctuated moves on its last intraday levels, amid the continuation of the positive support due to its trading above EMA50, affected by exiting minor bearish channel’s range that limited its trading on the short-term basis, on the other hand, we notice the emergence of negative signals on the relative strength indicators, after reaching overbought levels, leading to fluctuated movement.

Silver price decline in its last intraday trading, gathering bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside main and minor trend lines that support the stability and dominance of this track on the near-term basis.