Copper price ended yesterday’s trading by providing new closure near $5.3200 level, taking advantage of stochastic positivity by providing chances for resuming the bullish attack that depends on several factors, one of them is the stability within the bullish channel levels besides forming extra support at $5.1300.

Therefore, we keep the bullish scenario, waiting for reaching %161.8 Fibonacci extension level at $5.5000, and surpassing it will open the way for achieving extra gains in the upcoming period.

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, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on the short-term basis, especially with its trading alongside trend line, the last rise came after offloading its overbought conditions on the relative strength indicators, opening the way for achieving more of the gains on the near-term basis. 

The (Brent) price continued the decline in its last intraday trading, after exiting minor bullish channel’s range that limited its previous trading on the short-term basis, accompanied by surpassing the support of its EMA50, ending the hopes of the recovery in the upcoming period, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, which might reduce its upcoming losses temporarily.

Silver price rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains on the near-term basis, preparing to attack $58.80 key resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis.