No news for copper price until this moment, to continue providing weak sideways trading by its fluctuation below $5.9700 barrier, attempting to confirm its readiness to activate the previously suggested bearish corrective track.

Stochastic attempt to reach below 50 level might increase the effectiveness of the corrective track, to reinforce the chances of targeting $5.7200 level, then attempts to press on the extra support at $5.5100.

The expected trading range for today is between $5.7200 and $5.9700

Trend forecast: Bearish 

The (ETHUSD) price is fluctuating in its last intraday trading, amid its attempts to offload some of the clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, with its trading alongside trend line that intensifies this negative pressure.

The (Brent) price settles on a decline in its last intraday trading, due to the stability of the key resistance at $70.00, this resistance represents expected target in our previous analysis, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the strength and dominance of the main bullish trend on short-term basis, especially with its trading alongside trend line, noticing that the relative strength indicators reached exaggerated oversold levels compared to the price move, indicating the emergence of a new bullish momentum.

The (USDCHF) price declined in its last intraday trading, affected by reaching EMA50’s resistance, which put it under negative pressure, accompanied by testing main bearish trend line on short-term basis, intensifying this pressure, especially with the emergence of negative overlapping signals from relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move.