Copper price continued its negative moves, conforming its surrender to the previously suggested bearish corrective scenario, fluctuating near $5.6780 level, the stability below $5.9700 barrier and the continuation of providing negative momentum by stochastic will increase the chances of facing $5.5100 support, and breaking it will force it to suffer extra losses by reaching $5.3600 initially, reaching the next support at $5.1000 level.

The expected trading range for today is between $5.5100 and $5.8500

Trend forecast: Bearish

The (ETHUSD) price witnessed slight and cautious gains on its last intraday levels, with the dominance of the main bearish trend on short-term basis, accompanied by the emergence of positive signals from relative strength indicators, after reaching oversold levels, which helped it to achieve these cautious gains to reach EMA50, which might put it under intensified negative pressure on near-term basis and pushes it to rebound negatively.

The (Brent) price declined slightly in its last intraday trading, after strong gains wave, supported by the positive signals from relative strength indicators, which pushed these indicators to enter overbought levels, exaggeratedly compared to the price move, as a signals for fading the bullish momentum accompanied by retesting main bullish trend line that had been broken previously on short-term basis.

The (USDCHF) price settles on limited gains in its last intraday trading, with the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the dynamic and negative pressure that is represented by its trading below EMA50, which reduces the chances of sustainable recovery on near period, with the emergence of the negative signals from relative indicators, after reaching exaggerated overbought levels compared to the price move.