Copper price touched $5.2300 level, then bounces to settle below $5.2000 level, which forces it to provide new sideways fluctuated moves near $5.1300 level.
The price needs a new bullish momentum, to confirm breaching the current obstacle, to rally towards the next target at $5.3200, while the failure to breach might force the price to provide bearish corrective trading, which forces it to suffer some losses by reaching $4.9500 followed by the extra support at $4.7500.
The expected trading range for today is between $5.0500 and $5.3200
Trend forecast: Bullish
The (ETHUSD) price rose slightly in its last intraday trading, due to its leaning on the support of bullish corrective trendline on the short-term basis, gaining bullish momentum that intensified due to the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, on the other hand, the price is under negative pressure due to its trading below EMA50, which weighs on the price recovery.
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The (Brent) price decline in its last intraday trading, in an attempt to gain bullish momentum that might help it recover and rise again, and attempts to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, amid the dominance of bullish corrective wave on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of its recovery in the upcoming period.
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Silver price declined in its last trading on the intraday levels, due to the stability of the current resistance at $47.80, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recover on the near-term basis, especially with forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of the negative signals.
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