Despite the stability of copper price below $5.5100 barrier, the continuation of the main indicators’ contradiction pushed it to provide weak sideways fluctuation, to keep its stability near $5.4500 without recording any of the previously suggested targets.

The price needs a new negative momentum, to ease the mission of reaching $5.2700 initially, attempting to reach the next negative target near $4.9500, while its rally above the barrier will confirm delaying the negative attempts, to expect its rally towards $5.6300 and $5.7500.

The expected trading range for today is between $5.2700 and $5.5500

Trend forecast: Bearish

Ethereum (ETHUSD) surged during recent intraday trading, approaching the upper boundary of a short-term descending corrective channel that has limited its price movement. This rise coincides with an attempt to break above EMA50, helping the price relieve some of its previous bearish pressure, supported by the emergence of a positive crossover of the relative strength indicators after the price managed to clear its earlier overbought conditions, providing momentum that may help overcome short-term selling pressure.

Brent crude oil declined slightly during recent intraday trading, amid negative signals from the relative strength indicators. The price is attempting to build positive momentum that could help it recover and resume upward movement. This comes while trading remains above EMA50, providing dynamic support and reinforcing the short-term bullish trend, with prices moving alongside a supportive trendline. Additionally, the relative strength indicators entered deeply oversold levels relative to price, suggesting a potential rebound.

The USDCHF pair declined slightly during recent intraday trading, affected by the firmness of the 0.7990 resistance level. The relative strength indicators moved from previously overbought levels into deeply oversold territory relative to price action, signaling a potential buildup of positive momentum that could help the pair break above this resistance.

The main short-term bullish trend remains intact, supported by trading along a minor trendline that reinforces this bullish path.