Copper price began its trading by losing the bullish momentum due to stochastic attempt to end the bullish rally, to settle again near $5.9700 level, which formed strong barrier in the previous trading.

The stability above $5.9700 supports the chances of gathering the required extra positive momentum to motivate the bullish rally that might target $6.1550 and $6.2500, while the decline below it might force it to provide temporary trading, to target $5.8100 before reaching the additional positive targets.

The expected trading range for today is between $5.9100 and $6.1550

Trend forecast: Fluctuated

Ethereum (ETHUSD) declined slightly in its recent intraday trading, while attempting to build positive momentum that could help it to breach the key and stubborn resistance level at $2,380. This comes amid continued trading above EMA50, which strengthens the dominance of the short-term bullish trend, supported by positive signals from the relative strength indicators, reinforcing the likelihood of recovery in the near-term basis.

Brent crude oil declined during its recent intraday trading after facing resistance at EMA50, which forced the price into a corrective pullback. This comes amid the dominance of a short-term bearish corrective trend, with the emergence of negative signals from relative strength indicators after reaching deeply overbought levels compared to price movement, suggesting the possible formation of a bearish divergence and increasing downside pressure on the price.

The USDCHF pair remained under pressure during its recent intraday trading, as a short-term bearish corrective wave continues to dominate. The price is moving along a downward-sloping trendline that supports this bearish path, while it remains below EMA50, which adds further negative pressure.

In the background, relative strength indicators are beginning to show bearish signals after reaching overbought conditions compared to price action, suggesting the possible formation of a bearish divergence and increasing the likelihood of continued downside movement.