Copper price remains affected by the contradiction between the main indicators besides the negative stability below $5.9700 barrier, which obstructs the chances of renewing the bullish attempts, which increases the chances of forming new bearish corrective waves in the near period, to expect targeting $5.6500 level, reaching the initial main support at $5.5100.

While the price success in breaching the barrier and holding above it will open the way for recording new historical gains, to expect reaching the resistance of the bullish channel at $6.1900, and surpassing it will confirm its move to new bullish station in the futuristic trading.

The expected trading range for today is between $5.6500 and $5.9500

Trend forecast: Bearish

The (ETHUSD) price rose in its last intraday trading, in attempt to recover some of its previous losses, and attempting at the same time to offload its clear oversold conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the negative pressures around the price.

The (Brent) price rose slightly in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gain bullish momentum that might help it to recover and rise again, especially with its leaning on EMA50’s support, which reinforces the bullish scenario, amid the dominance of the main bullish trend on short-term basis.

Silver price declined in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after reaching overbought levels previously, to attempt to gain bullish momentum that might help it to recover and record new all-time highs, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis.