Copper price didn’t move anything by its confinement between $6.0500 level, while $5.8100 forms a key support against the attempt of resuming the bearish corrective trend, to fluctuate near $5.9100 level.

Providing positive momentum by the main indicators might increase the chances of surpassing the barrier, which opens the way for renewing the bullish attempts, to target several positive stations that might begin at $6.1200 and $6.2500, while breaking the support will force it to suffer extra losses by reaching $5.700 and $5.5900.

The expected trading range for today is between $5.8100 and $6.0500

Trend forecast: Sideways 

Ethereum (ETHUSD) extended its gains during recent intraday trading, breaching $2,325 resistance level, supported by its continued trading above EMA50, besides the emergence of positive signals from the relative strength indicators, despite reaching overbought levels, this comes amid the dominance of the main bullish trend on short-term basis with the trading alongside supportive trend line for this path.

Brent crude oil settles with a decline in recent intraday trading, amid the attempts of looking for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the recovery in the upcoming near period, especially with the emergence of positive overlapping signals on the relative strength indicators after reaching oversold levels.

The (USDCHF) settles high in its recent intraday trading, due to the stability of the key support at 0.7780, which represented an expected target in our previous analysis, which provided bullish momentum that helped it to achieve these gains to recover previous losses.

At the same time it attempts to offload the oversold conditions on the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend and reduces the chances of full recovery on near-term basis.