Copper price remains affected by the contradiction of the main indicators, which forces it to provide slow negative trading, to fluctuate near $5.7200, where gathering negative momentum makes us expect forming bearish waves, to attempt to reach the corrective stations at $5.6200, to press on the extra support near $5.5100, forming a key to detect the main trend in the upcoming trading.

While regaining the bullish trend requires forming strong bullish rally to settle above $5.9700 level, to begin targeting new positive stations by its rally towards $6.1200.

The expected trading range for today is between $5.6200 and $5.8200

Trend forecast: Bearish

Ethereum price (ETHUSD) is experiencing strong gains during its last intraday trading, breaching $2,100 resistance, which represented an expected target in our previous analysis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish corrective trend on the short-term basis, with the emergence of the positive signals from relative strength indicators.

Brent crude oil declined during its recent intraday trading, due to the stability of the main resistance at $100.00, this resistance represents an expected target in our previous analysis, which makes the price gather the gains of its previous rises, to attempt to gain bullish momentum to help it breach this resistance, and attempts to offload some of the clear overbought conditions on the relative strength indicators, amid the dominance of the short-term main bullish trend, with its moves alongside trend line that reinforces this path. 

The (USDCHF) pair surged sharply during its latest intraday trading after breaking above the resistance level at 0.7835, which had previously been identified as a price target in our analysis. This move occurred amid the dominance of the short-term corrective upward trend, with price movements tracking a supportive minor trendline.

The pair also benefits from continued positive dynamic pressure due to trading above EMA50. However, we note the emergence of a negative crossover from the relative strength indicators after reaching deep overbought levels, which could limit the pair’s further gains.