Copper price began today’s trading with a new positivity by surpassing the barrier at $4.6600, announcing its readiness to activate the bullish track in the current period, the unionism of providing positive momentum by the main indicators will reinforce the chances for achieving several gains, to reach the initial target at $4.7500, to press on 61.8% Fibonacci correction level at $4.8100.

Note that activating the negative track requires forming a sharp decline, to settle below $4.5000 level, to confirm targeting several negative stations that begin at $4.4300 and $4.3100.

The expected trading range for today is between $4.6100 and $4.7500

Trend forecast: Bullish

The (ETHUSD) price jumped higher in its last intraday trading, attacking the critical resistance level at $2,730, amid the dominance of the main bullish trend on the short-term basis and its trading alongside bias line, with the continuation of the positive support that comes from its trading above its EMA50, this came after the price success in offloading some of its clear overbought conditions on the (RSI), which opens the way towards achieving more of the rises.

The (Brent) price declined in its last intraday trading, after it succeeded in offloading its clear oversold conditions on the (RSI) in its previous trading, besides its affection by breaking a bullish correctional trend line on the short-term basis, to get ready to break the current support at $63.20, amid the continuation of the negative pressure that comes from its trading below its EMA50.

The (silver) price declined in its last intraday trading, attempting to gain bullish momentum that might assist it to recover and rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the dynamic support that is represented by its trading above its EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.