Copper price forced to delay its bullish rally by its stability below $4.8900 level, to form an intraday barrier against the bullish attempts, which forces it to activate with stochastic negativity by reaching $4.7800.

We expect the price affection by the sideways bias temporary dominance, but 50%Fibonacci correction level keeps forming an extra support at $4.6600 makes us wait for gathering the positive momentum, which allows to confirm surpassing $4.8900 level, then attempts to reach the next target at $5.0300.

The expected trading range for today is between $4.7500 and $4.8900

Trend forecast: Fluctuated 

The (ETHUSD) price declined in its last intraday trading, after retesting the resistance level at $2,540, accompanied by testing a minor bullish trend line, to reach the resistance of its EMA50, which increased the strength of this area as a resistance that prevented the continuation of the last rise of the price, which forced it to surrender to the negative pressures, especially with the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions.

The (Brent) price settled in its last intraday trading, to gather the gains of its last rises, and attempting to gain a positive momentum that might assist it to rise in a new bullish wave, especially with the continuation of the positive support that comes from its trading above the EMA50, and under the dominance of the bullish trend on the short-term basis alongside a bias line, on the other hand, we notice the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels that might decelerate the upcoming gains.

The (silver) price rose in its last intraday trading, after it succeeded to reach our target at $36.25, supported by its continuous trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, this last rise came after offloading the overbought conditions on the (RSI) in the previous trading, providing larger space for achieving more of the rises.