Copper price once again yielded to the stability of the additional support level at $5.5100, prompting it to form new upward waves and stabilize near the $5.7600 level, thereby postponing the previously expected corrective decline

The continued conflict among the main indicators is likely to push the price toward mixed and unstable trading. It is worth noting that repeated stability below the barrier at $5.9700 encourages us to wait for the price to gather additional negative momentum, which would make it easier for it to move toward $5.5100. A break below this support could extend the corrective decline toward further levels, starting at $5.3900 and then $5.2200.

The expected trading range for today is between $5.6200 and $5.8800.

Trend forecast:Sideways

Ethereum (ETHUSD) declined slightly during its latest intraday trading, following the stability of the resistance level at $2,370. This resistance was our previous price target, allowing the price to take profits from prior gains while attempting to build positive momentum that could help it break through this level. At the same time, the price is trying to relieve some of its overbought condition on the relative strength indicators, especially with the emergence of negative signals, amid the dominance of a short-term corrective upward trend.

Brent crude oil rose during its latest intraday trading, amid the dominance of the main short-term upward trend, supported by price movements along a trend line. A positive crossover is beginning to appear in the relative strength indicators after reaching heavily oversold levels. In addition, dynamic support continues as the price trades above EMA50, enhancing the chances of extending gains in the near term.

The USDCHF pair rose during its latest intraday trading, amid the dominance of a short-term corrective upward trend, with price movements aligned along a minor supportive trendline. This comes especially with continued dynamic support as the pair trades above its EMA50.

In addition, we observe the beginning of a positive crossover on the relative strength indicators after reaching heavily oversold levels, indicating the potential for renewed positive momentum in the pair’s movement.