Copper price activated with the positivity of the main indicators, to keep its positive stability above 100%Fibonacci extension level at $4.7500 level, attacking $5.0600 barrier, to record the second waited target in our previous report.
The price might be forced to provide sideways trading, but the continuation of gathering positive momentum will increase the chances of surpassing the current barrier, to open the way for recording extra gains that might extend to $5.2000, reaching the next main target near $5.3200.
The expected trading range for today is between $4.9100 and $5.2000
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside steep trendline, indicating the strength and dominance of this trend, especially with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price movement, which suggest forming a positive divergence, adding more bullish momentum on its coming trading.
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The (Brent) price soared higher in its last intraday trading, to settle above the key support of $64.95, supported by the emergence of the positive signals on the relative strength indicators, in a strong sign to begin a bullish corrective wave on the short-term basis, attempting to recover some of its previous loses, but its trading below EMA50 decelerates its rise freely on the near-term basis.
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The (silver) price surged on its last intraday levels, to reach our last expected target at $47.50, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside main and minor trendlines, reinforcing the stability of this trend.
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