No new for copper price by its fluctuating below $5.9700 barrier, which obstructs the chances of achieving any new gains, to increase the chances of activating the bearish corrective track again, therefore, we will keep waiting to decline towards the corrective stations that are located near $5.7500 reaching the initial support at $5.5800 level.

Note that the success in breaching the barrier and holding above it will reinforce the chances of resuming the main bullish attack, to expect reaching $6.1200 directly, then press on the resistance of the main bullish channel’s resistance at $6.2000.

The expected trading range for today is between $5.7500 and $5.9700

Trend forecast: Fluctuating within the bullish trend

 The (ETHUSD) price settled on a decline in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the bullish trend on short-term basis, with its trading alongside supportive trendline for this trend, attempting to gain bullish momentum that might help it to surpass its negative pressure and announce its full recovery in the upcoming specially with the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.

The (Brent) price declined in its last trading on the intraday basis, due to the stability of the resistance at $63.80, this resistance represents our expected target in our previous analysis, supported by the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, amid the dominance of strong bullish corrective wave on the short-term basis, with the continuation of the positive support due to its trading above EMA50, reinforcing the chances of rising on the near-term basis.

Silver price declined in its last trading on the intraday levels, to gather the gains of its previous rises, attempting to offload some of its clear overbought on the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to resume the gains 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, especially with its trading alongside trend line.