Copper price lost the positive momentum yesterday by stochastic stability below 80 level, which forces it to provide weak sideways trading by its fluctuation near $5.5000 level, without recording any new positive target.

Note that the price activated the attempts of gathering the gains by the continuation of facing negative pressures, which forces it to press on the support near $5.3200, and breaking it will force the price to decline towards $5.1500 and $4.9800, while renewing the bullish attempts requires forming a strong bullish rally, to settle above $5.600.

The expected trading range for today is between $5.1500 and $5.600

Trend forecast: Bearish

The (ETHUSD) price settled high in its last intraday trading, after breaching $3,050 resistance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, on the other hand, we notice the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerates the gains.

The (Brent) price declined in its last trading on the intraday levels, with the continuation of the negative pressure due to its trading below EMA50, leaning on the critical support level at $68.00, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), after reaching oversold levels.

The (silver) price rose in its last intraday trading, after its attempt to find a rising low to take it as a base for gaining the required positive momentum for the recovery, amid the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, noticing the beginning of positive signals emergence on the (RSI), after reaching oversold levels.