Despite the weakness of copper price trading, its success in holding above support level at $5.3200 reinforces the chances of renewing the bullish rally, by the attempt to provide clear pressures on the barrier at $5.5100.

We recommend waiting to breach the current barrier to open the way towards achieving several gains, which might begin at $5.6700 and $5.9700, while the decline below the support will cancel the bullish suggestion in the near trading, which forces it to suffer some losses by reaching $5.1500 and $4.9800. 

The expected trading range for today is between $5.4200 and $5.6700

Trend forecast: Bullish

The (ETHUSD) price kept rising in its last intraday trading, with full dominance of the main bullish trend on the short-term basis and its trading alongside main and minor bias lines, to breach its current resistance at $3,500, taking advantage of the positive pressure due to its trading above EMA50, besides the emergence of the positive signals on the (RSI), after its success in offloading its overbought conditions, opening the way for achieving more of the gains.

The (Brent) price settled high in its last trading on the intraday levels, after the return of the trading alongside main bullish trend line on the short-term basis, to get rid of the negative pressure of EMA50, noticing the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels, which puts pressure on the price full recovery.

The (silver) price settled high in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels.