No news for copper prices by providing new mixed trading, holding near $6.1300 level, delaying the bearish corrective trend, due to the contradiction between the main indicators’ positivity and the negative stability below $6.3000 barrier.
The price may provide mixed trading until gathering the required and negative momentum, to surpass $5.9500 support, to begin targeting negative stations by reaching $5.8200 and $5.7100.
The expected trading range for today is between $5.9500 and $6.2000
Trend forecast: Bearish
(ETHUSD) witnessed fluctuating trading in its latest intraday levels, with the emergence of negative signals from the relative strength indicators, to attempt to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish corrective trend on the short-term basis, with its trading alongside minor trend line that supports this trend, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of this recovery.
Brent crude oil rose in its recent intraday trading, preparing to attack the key resistance at $80.00, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line, besides the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending these gains on the near-term basis, especially with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.
The USDCHF pair kept rising in its last 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, taking advantage of the positive support that is represented by its trading above EMA50, which represents a dynamic support base that reinforces the chances of extending these gains in the near period, on the other hand, we notice the emergence of negative overlapping signals from the relative strength indicators after reaching overbought levels, which makes us witness some corrective rebounds, which target gathering gains and positive momentum.