Copper price is forced to provide more sideways trading, affected by stochastic exit from the overbought levels, fluctuating near $5.2500 without recording new positive target.

Holding above the extra support at $5.1300 makes us keep the bullish scenario, to expect forming bullish waves by gathering extra positive momentum to reach $5.3800 initially, then wait to hit the main target at $5.5000.

The expected trading range for today is between $5.2000 and $5.500

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, due to the stability of the key support at $2,935, this support was potential target in our previous reports, providing bullish momentum that helped the price to settle temporarily, to attempt to recover some previous losses, and attempting to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, affected by breaking bullish corrective trend line on the short-term basis, with its trading alongside steep minor trend line.

The (Brent) price kept declining in its last trading on the intraday levels, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the dominance of steep minor bearish wave on the short-term basis, reaching $60.00 key support, this support represents potential target in our last analysis, with the emergence of negative signals on the relative strength indicators, despite reaching oversold levels, which intensifies the chances of breaking this support.

Silver price declined in its last trading on the intraday basis, attempting to gain bullish momentum that may help it to breach the near historical resistance at $64.60, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals from there, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive main and minor trend lines for this trend.