Copper price repeatedly provided sideways trading in the last period, affected by the contradiction between the main indicators, which forces it to settle below $5.9700 barrier, which obstructs the chances of resuming the bullish trend.

All that confirms the price surrender to sideways trading, to keep waiting to achieve the required breach, to open the way for recording new gains by its rally towards $6.1200 reaching the next target at $6.2400.

The expected trading range for today is between $5.7500 and $6.1200

Trend forecast: Sideways until achieving the breach

The (ETHUSD) price settles on strong gains in its last intraday trading, after surpassing EMA50’s resistance, to get rid of its negative pressure, reinforcing the chances of extending its gains on short-term basis, under the dominance of bullish corrective waves on short-term basis, with the emergence of positive signals from relative strength indicators, despite reaching overbought levels.

The (Brent) price kept rising in its last intraday trading, breaching the key resistance at $66.00, which represented potential target in our previous analysis, taking advantage of the dynamic support that is represented by its trading above EMA50, with its trading alongside minor bullish trend line on short-term basis, besides the emerging of positive signals from relative strength indicators, despite reaching overbought levels.

The (USDCHF) price rose in its last intraday trading, after breaking 0.7680 support, which represented an expected target in our previous analysis, attempting to recover some of its previous losses and offloading some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of the main bearish trend on short-term basis, with the dominance of steep minor wave.