Copper price lost the bullish momentum in the last trading, affected by stochastic stability below 80 level, which forces it to keep forming weak sideways waves by its stability near $6.4200.

The price might be forced to form intraday bearish waves due to its stability below $6.6000, forcing it to suffer some losses by reaching $6.2800 followed by $6.1000 support, while breaching the resistance and holding above it will open the way for reaching new positive stations that might begin at $6.7800 and $6.9200.

The expected trading range for today is between $5.2800 and $6.6000

Trend forecast: Bearish

Ethereum (ETHUSD) declined during recent intraday trading after facing strong resistance at $1,800, which had previously acted as a price target. The pullback reflects natural profit-taking following recent gains, alongside efforts to ease overbought conditions shown on the relative strength indicators.

Despite the correction, the broader short-term technical outlook remains positive. Ethereum continues to trade above its EMA50, supporting the ongoing corrective bullish wave and maintaining the potential for further upside if momentum strengthens again.

Brent crude oil showed volatile intraday trading, with the price initially easing oversold conditions before entering overbought territory on the relative strength indicators. Early signs of a negative crossover suggest fading bullish momentum, especially as the market struggles to maintain gains.

Downside pressure remains dominant as prices continue to trade below the EMA50, reinforcing the short-term bearish trend alongside a minor descending trend line.

USDCHF extended its modest gains during recent intraday trading after stabilizing at the key support level of 0.7920, which had previously been identified as a downside target. The rebound was supported by positive signals from the relative strength indicators after reaching deeply oversold conditions.

However, the pair has now reached resistance near its EMA50, which increases the risk of a bearish reversal, especially after the earlier breakdown of a short-term ascending trend line.