Copper price reached $6.1200 level in Friday, forcing it to provide some sideways trading, due to the contradiction of the main indicators, to obstruct the suggested negative attempts by its fluctuation near $6.2100 level.

Reminding that the stability below $6.5100 barrier, besides the attempt of stochastic attempt to provide negative momentum, which makes us keep the bearish corrective scenario, to expect reaching $5.9000 level and surpassing it will make the next target at $5.7800 in the bearish trading.

The expected trading range for today is between $5900 and $6.2500

Trend forecast: Bearish

(ETHUSD) rose in its latest intraday trading, attacking the current resistance at $1,890, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with the emergence of positive overlapping signals from the relative strength indicators after offloading its overbought conditions, opening the  way for extending the gains in the near upcoming period.

Brent crude oil settles on strong gains in its recent intraday trading, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive pressure due to its trading above EMA50, on the other hand, the relative strength indicators begin to form negative overlapping signals, which might recue the upcoming gains and we might witness some fluctuation to help the price offload some of the overbought conditions.

The USDCHF pair declined in its last intraday trading, as it reached EMA50’s resistance, which put it negative pressure to attempt to gain bullish momentum that might help it to surpass this pressure, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line, with the emergence of its overbought conditions, opening the way for surpassing this pressure in the near upcoming period.