Copper price affected by forming a clear obstacle against the bullish rally by 2.00%Fibonacci extension level at $5.9700, forcing it to form weak sideways trading by its fluctuation near $5.9300.

We expect the continuation of forming sideways trading, but its stability above $5.7500 level will increase the chances of gathering the required bullish momentum to breach the barrier and reaching the next main target at $5.1700.

The expected trading range for today is between $5.8000 and $6.000

Trend forecast: Fluctuating within the bullish trend

The (USDJPY) rose in its last intraday trading, preparing to attack the solid resistance at 156.95, taking advantage of the dynamic support that is represented by its trading above EMA50, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside minor trend line that reinforces this trend, besides the emergence of positive signals from the relative strength indicators, which intensifies the chances of the rise on the near-term basis.

The (ETHUSD) price witnessed fluctuated trading on its last intraday levels, attempting to gain bullish momentum that might help it recover and resume the dominant bullish trend on the short-term basis, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the gains on the near-term basis, especially with the emergence of the positive signals from the relative strength indicators, after offloading its overbought condition.

The (Brent) price declined in its last trading on the intraday basis, with dynamic negative pressure that is represented by its trading below EMA50, which led to break bullish corrective trend line on the short-term basis, intensifying the negative pressures around the price, on the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which might reduce the losses in the upcoming period.