Copper prices have moved slowly since the last session due to the contradiction between the main indicators, but its main stability within the bullish channel’s levels by the stability of the main support at $4.0900 helps it to activate the bullish attack.
The stability of the moving average 55 above the extra support at $4.2600 helps it to provide positive momentum, to keep waiting for surpassing $4.6200 level, targeting the next station by reaching $4.7500 and $4.9400.
The expected trading range for today is between $4.4200 and $4.7500
Trend forecast: Bullish
The (ETHUSD) price continued its sideways trading in its last intraday levels, attempting to gain bullish momentum that might help it to rise, amid the continuation of the critical support level stability at $4,250, with the emergence of positive overlapping signals on the(RSI), after reaching oversold level, on the other hand, the price is under negative pressure that comes from its trading below EMA50, which prevents the price recovery in the previous session.
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The (Brent) price rose in its last intraday trading, amid the dominance of bullish correctional wave on the intraday basis, with the emergence of positive overlapping signals on the (RSI), providing an opportunity for reinforcing these gains, on the other hand, the price remains under negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis.
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The (silver) price rose in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive bias line for this trend, besides the continuation of the dynamic support that is represented by its trading above EMA50, noticing the formation of positive divergence on the (RSI), after reaching oversold levels, with the emergence of positive overlapping signals, which intensified the chances for the price recovery on the near-term basis.
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