Copper price confirmed the stability of the bullish scenario by its attempt to settle above $5.3200 level, reinforcing the chances of recording new gains in the near sessions, the continuation of providing positive momentum by stochastic will ease the mission of reaching the next target at $5.5000, monitoring it as it formed extra barrier as appear in the above image.

Reaching below $5.3200 and providing negative close might force it to provide corrective trading, which forces it to decline towards $5.1500 before reaching the previously waited target.

The expected trading range for today is between $5.2500 and $5.5000

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, affected by leaning on the support of EMA50, gaining bullish momentum that helped it to rise again, to erase its early losses for today, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, under the dominance of the bullish corrective trend on the short-term basis and its trading alongside trend line.

The (Brent) price has stabilized on a rise in its last intraday trading, attacking the key resistance at $63.75, taking advantage of the dynamic support that is represented by its trading above EMA50, with the trading within minor bullish channel that limited its previous trading on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, reinforcing the chances of breaching this resistance.

Silver price declined in its last intraday trading, with the continuation of the key resistance stability at $58.80, with the emergence of the negative strength indicators after reaching overbought levels, attempting to gain bullish momentum that may help it to breach this resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the dominance and stability of the main bullish trend on the short-term basis.