Copper price repeated providing new positive closes above the support at $5.3200 level, to confirm its surrender to the bullish scenario to surpass 161.8%Fibonacci extension level and its stability near $5.6000.
Note that gathering positive momentum is important to ease the mission of targeting extra bullish stations that might begin at $5.7900 reaching the next barrier at $5.9700.
The expected trading range for today is between $5.4800 and $5.7900
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, alongside a main bullish trend line on the short-term basis, taking advantage of the positive support that comes from its trading above EMA50, noticing the emergence of positive overlapping signals on the (RSI), after it succeeded in offloading some of its overbought conditions, opening the way for achieving more of the gains on the near-term basis.
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The (Brent) price settled with strong gains in its last intraday trading, after breaching the critical resistance at $70.75, supported by its continuous trading above EMA50, and under the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis, on the other hand, we notice the beginning of negative overlapping signal appearance on the (RSI), after reaching overbought levels, which might reduce the last gains, and it needs to gather gains and gain some bullish momentum.
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The (silver) price continued the tight sideways trading in its last intraday levels, amid the dominance of bearish correctional wave on the short-term basis and its affection by breaking a minor bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), after reaching exaggerated overbought levels compared to the price move, increasing the negative pressure on the near-term basis.
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Weekly performance report available here: Signals Performance – Week of July 21–25, 2025