Copper prices remain slow, despite several positive factors such as the stability within the main bullish channel’s levels besides providing bullish momentum by stochastic reach to the overbought levels.

Reminding you that the stability of the trading above the extra support level at $5.1300 supports our bullish scenario, to keep waiting to hit $5.5000, surpassing it will push the price to begin recording extra gains by its rally to $5.6300 and $5.7400.

The expected trading range for today is between $5.3000 and $5.5000

Trend forecast: Bullish

The (ETHUSD) price rose during its last intraday trading, attempting to recover some previous losses, amid the dominance of the main bearish trend and its trading alongside minor bearish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price recovery on the near-term basis, especially with the emergence of negative signals on the relative strength indicators.

The (Brent) price declined on its last intraday trading, due to the stability of the resistance at $60.00, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and dominance of the main bearish trend and reduces the recovery chances, especially with its trading within minor bearish channel’s range on the short-term basis, with the emergence of the negative signals on the relative strength indicators.

Silver price declined in its last intraday levels, attempting to look for a rising low to take it as a base to help it gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend and its trading alongside supportive trend line for this track, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the recovery in the upcoming period, especially when reaching oversold levels by the relative strength indicators, indicating a quick decline in the bearish momentum.