Copper price continued to form strong bullish waves, reaching the initial extra target at $4.9500, keeping its positive stability above $4.7400 level, forming new support against the bullish trading.
The continuation of the providing positive momentum by the main indicators makes us expect renewing the bullish attempts, attempting to press on $5.0600 level, and surpassing it will open the way towards the next main target at $5.3200.
The expected trading range for today is between $4.8200 and $5.0600
Trend forecast: Bullish
The (ETHUSD) price extended its strong gains in its last trading on the intraday levels, breaching the resistance of $4,500, this resistance was our expected target in our previous analysis supported by its continuous trading above EMA50, under the dominance of minor bullish trend on the short-term basis and its trading alongside trend line. This rise came despite the emergence of the negative signals on the relative strength indicators after reaching overbought levels, and it didn’t affect the price movement, indicating the strength and volume of the positive momentum.
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The (Brent) price rose in its last trading on the intraday levels, amid the dominance of main bearish wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure around the price, attempting to recover some of its previous losses, and offloading some of its clear oversold levels on the relative strength indicators, especially with the emergence of the positive signals.
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The (silver) price declined in its last intraday trading, due to the stability of the key resistance at $47.50, attempting to gain positive momentum that might help it to recover and rise again, amid the continuation of the positive pressure due to its trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside trendline, noticing the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels.
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Subscribe via TelegramFull VIP signals performance report for September 22–26, 2025: