No change for copper price’s bearish corrective track, despite the continuation of the main indicators’ contradiction, but the stability below the barrier at $5.9700 supports this negativity in the near trading.

Therefore, we will keep waiting for the resuming negative attempts, which might target the extra support level at $5.5100, note that breaking this support will open the way for targeting new corrective stations that might extend towards $5.3600 reaching the next support base at $5.1000 level.

The expected trading range for today is between $5.5100 and $5.7500

Trend forecast: Bearish

The (ETHUSD) price is moving in limited range of tight sideways trading on its last intraday levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, on the other hand, we notice the emergence of positive signals from relative strength indicators, which helped the price to settle on intraday basis, to notice that the indicators reached exaggerated overbought levels compared to the price move, indicating a quick decline for this bullish momentum.

The (Brent) price witnessed fluctuating trading on its last intraday levels, due to the stability of the current support at $66.95, gaining some bullish momentum that helped it to stop its previous losses, as it reached EMA50’s resistance, affected by breaking main bullish trend on short-term basis, with the emergence of negative signals from relative strength indicators.

The (USDCHF) price settles on losses in its last intraday trading, with the stability of the key resistance at 0.7725, with the emergence of negative signals from relative strength indicators, reaching EMA50’s support, in attempt to gain bullish momentum that might help it to breach this resistance and detect the upcoming track in the upcoming period, affected by breaching main bearish trend line on short-term basis.