Copper price is affected by some negative factors, starting by the stability below $6.5100 barrier, besides the continuation of providing negative momentum by stochastic, forcing it to delay the bullish attempts and providing negative fluctuation by holding near $62700.

The continuation of the negative pressure might push the price to retest the initial support at $6.1000, where breaking it will confirm the dominance of the bearish corrective bias in the upcoming trading, to expect forming initial corrective target at $5.9200 level, while breaching the barrier and holding above it will reinforce the chances of recording new gains by its rally towards $6.5900 initially. 

The expected trading range for today is between $6.1000 and $6.4100

Trend forecast: Bearish

(ETHUSD) extended its gains in its latest intraday trading, reaching the key resistance at $1,920, amid the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, noticing the emergence of positive overlapping signals from the relative strength indicators, after offloading some of its overbought conditions, opening the way for targeting new resistance levels.

Brent crude oil settles with sharp losses in its recent intraday trading, to lean on EMA50’s support, which stopped the losses due to the dominance of the bullish trend on the short-term basis, with its trading alongside supportive trend line for this path, providing positive environment that might help the price to recover, especially with the beginning of forming positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive overlapping signals.

The USDCHF pair settles lower in its last intraday trading, leaning on the key support of 0.8135, in attempt to offload its overbought conditions on the relative strength indicators, to gather its positive strength that might help it gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside minor supportive trend line for this trend, besides the continuation of the positive support due to its trading above EMA50, reinforcing the chances of a recovery in the near upcoming period.