Copper price remains affected by stochastic negativity, attempting to reach below $5.9700 to increase the chances of activating the temporary bearish corrective trend, to reach $5.8900 followed by $5.8200 level, which represents a new extra support against the current trading.

Forming a strong obstacle at $6.1200 level against the bullish attempts will increase the chances of forming negative attempts, to keep waiting to reach the previously suggested stations, to monitor its behavior to confirm the suggested trend in the upcoming trading.

The expected trading range for today is between $5.8200 and $6.0500

Trend forecast: Bearish

Ethereum (ETHUSD) declined slightly in its recent intraday trading, affected by reaching EMA50’s resistance, attempting to gain bullish momentum that might help it to surpass this negative pressure, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, noticing the emergence of positive signals from the relative strength indicators after reaching oversold levels, intensifying the bullish momentum.

Brent crude oil declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its gains in the near upcoming period, after breaching $100.00 key resistance, with a continued dynamic support due to its trading above EMA50, reinforcing the chances for the upside trend return in the near upcoming period, especially with the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions.

USDCHF continued its upward movement in recent intraday trading, amid the dominance of strong corrective wave on short-term basis, supported by its continued trading above EMA50, representing dynamic support that reinforces the chances of extending the gains in the upcoming near period, with the emergence of positive crossover on the relative strength indicators, after offloading its overbought conditions, opening the way for extending these gains.