Copper price closed yesterday’s trading by providing new pressures on $5.9700 level, to find an exit to resume the main bullish trend, to confirm surpassing the corrective vias in the current period.

Gathering bullish momentum is important to ease the mission of achieving the required breach, and providing positive close above the barrier makes us expect its rally towards $6.1200 and $6.2400.

The expected trading range for today is between $5.8000 and$6.1200

Trend forecast: Bullish

The (ETHUSD) price declined in its last intraday trading, due to the stability of $2,100 key resistance, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from them, to gather its positive strength that might help it to recover and breach this resistance, affected by surpassing the negative pressure of the EMA50, benefitting from its dynamic support that reinforces the chances of the price rise on near-term basis.

The (Brent) price settles on gains in its last intraday trading, affected by the continuation of the dynamic support that is represented by its trading above EMA50, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track, noticing the emergence of positive signals from relative strength indicators, after reaching oversold levels, which intensifies the positive pressure on the pair.

The (USDCHF) price declined in its last intraday trading, to break bullish corrective trend line on short-term basis, to end the hopes of its recovery, especially with surpassing its EMA50’s support, which increases the negative pressure on the price, beside the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for deepening its losses in near-term basis.