No news for copper price, it remains confined between $5.3200 support and $5.5100 level which represents an extra barrier against the bullish attempts, and the contradiction between the main indicators confirming delaying the bullish attempts, to recommend neutrality and wait for surpassing these levels to detect the expected targets in the near trading.
Trading success in surpassing the barrier and holding above it will reinforce the dominance of the bullish bias, which might target $5.6700, while breaking the support will force it to form bearish correctional waves, to expect reaching $5.1500 and $4.9800.
The expected trading range for today is between $5.3100 and $5.5100
Trend forecast: Neutral
The (ETHUSD) price declined in its last intraday trading, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals emergence from them, gathering its positive strength that might assist it to recover and begin a new bullish wave, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The (Brent) price rose in its last trading on the intraday levels, supported by the emergence of the positive signals on the (RSI), reaching exaggerated overbought levels compared to the price move, indicating the decline of the positive momentum around it, amid the continuation of the negative pressure due to its trading below EMA50, settling again alongside a main bullish trend line on the short-term basis.
The (silver) price settled high amid calm trading in its last intraday levels, attempting to gain a positive momentum that might assist it to rise, amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides the emergence of the positive signals on the (RSI).