Copper price moves slowly in the last period trading, despite the positive factors to notice its fluctuation near $4.6200, note that the continuation of providing positive momentum by the main indicators and the main stability above the extra support at $4.2600 will increase the chances of targeting $4.7500, and surpassing it will open the way for achieving new gains that might begin at $4.9500.
The expected trading range for today is between $4.5000 and $4.7500
Trend forecast: Bullish
The (ETHUSD) price settled with slight gains in its last intraday trading, leaning on the support of its EMA50, accompanied by testing the critical support level at $4,490, amid the dominance of the main bullish trend and its trading alongside minor bias line on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, reinforcing the chances for the price recovery on the near-term basis.
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The (Brent) price rose in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside bias line, with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, decreasing the chances for full recovery for the price, despite its trading above EMA50, which helped the price to achieve these last gains.
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The (silver) price declined in its last intraday trading, gathering the gains of its previous rises, attempting to gain positive momentum that might help it to recover and rise again, to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the dominance of the main bullish trend on the short-term basis and its trading above EMA50, reinforcing the chances for the price recovery.
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