Copper started activating profit-taking attempts after recently stabilizing below the 100% Fibonacci extension level at $6.5400, as it is currently drifting toward $6.3000.

We note that the formation of $6.5400 as an additional resistance level, along with the stochastic indicator showing negative momentum by exiting overbought territory, may push the price to continue corrective trading, potentially targeting $6.2400 soon, with initial support located at $6.1000.

The expected trading range for today is between $6.2400 and $6.500

Trend forecast: Bearish

Ethereum (ETHUSD) declined during recent intraday trading after facing resistance at EMA50, which forced the price to reverse lower. This comes after an earlier break below a major short-term upward trend line, reinforcing the bearish pressure on the asset.

Additional downside momentum is emerging from relative strength indicators, which are starting to turn negative after previously reaching overbought conditions, increasing the likelihood of deeper losses in the near term.

Brent Crude Oil rose during recent intraday trading, supported by positive signals from relative strength indicators, managing to move beyond the negative pressure of EMA50. This strengthens the potential for further gains in the near term as the price prepares to test the key resistance level at $105.00.

The short-term trend remains bullish, with prices moving along a supportive upward trend line that reinforces the continuation of the current positive momentum.

The (USDCHF) continued its steady gains during recent intraday trading, breaking above the key resistance level at 0.7845. The pair is also supported by sustained trading above EMA50, providing a dynamic support base that strengthens the chances of further gains in the near term.

This move comes amid a short-term corrective bullish wave, with relative strength indicators continuing to send positive signals despite reaching overbought territory, which may lead to temporary fluctuations without changing the overall bullish bias.