Copper price provided sideways trading, keeping its stability within the bullish track by its fluctuation near$5.5000 level, due to stochastic attempt to exit the overbought level, which makes us prefer more sideways trading until it gathers the required extra positive momentum for breaching the current barrier, to reach extra stations at $5.6300 and $5.7400.

While the failure of the breach might push the price to form some corrective waves, which forces it to suffer temporary losses by targeting the initial support at $5.1300.

The expected trading range for today is between $5.3100 and $5.6300

Trend forecast: Sideways until achieving the breach

The (ETHUSD) price declined in its last intraday levels, amid the emergence of negative signals from relative strength indicators, after reaching oversold levels, attempting to gain bullish momentum that might help it to recover and rise again, leaning on EMA50’s support with the dominance of minor bullish wave, affected by its exit from bearish channel’s range on the short-term basis.

The (Brent) price settled on sharp gains during its last intraday trading, amid the dominance of bullish corrective wave on the short-term basis with its trading alongside steep trend line that is represented by its trading above EMA50, noticing the attempts to offload its clear overbought conditions on the relative strength indicators, indicating the price momentum to continue the upside track.

Silver price soared during its last intraday trading, after offloading its overbought conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, opening the way for achieving more of the gains on the near-term basis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive minor trend line for this trend, besides the continuation of the positive pressure due to its trading above EMA50, to reinforce extending the gains in the upcoming period.