Copper price declined in its last trading on the intraday levels, amid the negative signals emergence on the (RSI), after reaching overbought levels, attempting to offload this overbought condition to gain a bullish momentum that might help it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, under the dominance of the main bullish trend on the short-term basis.

Therefore, our expectations suggest a (copper) price rise in its upcoming intraday trading, to target the critical resistance at $5.73 preparing to reach it.

The expected trading range for today is between $5.55 and $5.73

Trend forecast: Bullish

Natural gas price settled on slight gain in its last intraday trading, attempting to recover some of its previous losses, and it attempts to offload some of its clear oversold conditions on the (RSI), especially with the beginning of the emergence of the positive signals, amid the dominance of the main bearish trend on the short-term, and its affection by exiting bullish correctional channel’s range on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50.

Therefore, our expectations suggest natural gas price decline in its upcoming intraday trading, if the resistance settles at $3.40, to target the initial support level at 43.25 preparing to break it.

The expected trading range for today is between $3.20 and $3.40

Trend forecast: Bearish

The (ETHUSD) price declined in its last intraday trading, due to the stability of the current resistance at $3,800, with the emergence of the negative signals on the (RSI), after reaching overbought levels, to attempt to offload this overbought condition, and gain a bullish momentum that might help it to recover and breach this resistance, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

The (Brent) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, with the beginning of negative overlapping signals on the (RSI), after the price success in offloading its oversold conditions previously, to lean on the support of a main bullish trend line on the short-term basis as a last attempt to gain bullish momentum that might help it to recover and rise again.