Copper price remains affected by the contradiction of the indicators, to settle above $6.1000 level, delaying the bearish corrective attempts, fluctuating near $6.3300 level.

We couldn’t confirm the attempt to rally higher by its stability below the barrier at $6.5100, therefore, we suggest the instability between the current barrier and the extra support level at $5.9500.

The expected trading range for today is between $6.1500 and $6.4500

Trend forecast: Sideways 

(ETHUSD) extended its strong gains in its latest intraday trading, amid the dominance of the main bullish trend on the short term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive pressure due to its trading above EMA50, which represents a dynamic support that increases the chances of extending these gains in the near upcoming period, especially with the emergence of the positive signals from the relative strength indicators.

Brent crude oil settles on gains in its recent intraday trading, benefiting from the stability of the current support at $86.00, gaining bullish momentum that helped it achieve consecutive gains amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the positive pressure due to its trading above EMA50, noticing the emergence of positive overlapping signals from the relative strength indicators, after offloading its overbought conditions, opening the way for targeting new resistance levels in the near upcoming period.

The USDCHF pair extended its gains in its last intraday trading, benefiting from the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive trend line for this path, besides the emergence of positive signals from the relative strength indicators, despite reaching overbought levels.