Copper price resumed the bullish trend, taking advantage of the continuation of providing positive momentum by the main indicators, to reach $5.9700 barrier, followed by recording the suggested target in the previous report.

The price attempt to support this barrier supports the chances of targeting new positive stations confirms the importance of waiting for confirming the breach, to avoid any unexpected corrective rebound, while the extra positive stations that are located at $6.0850 reaching $6.2300 level.

The expected trading range for today is between $5.8800 and $6.0850

Trend forecast: Bullish

Ethereum (ETHUSD) continued its strong upward momentum during recent intraday trading, testing the key resistance level at $2,380. This comes amid the dominance of a short-term primary uptrend, supported by movement along a secondary bullish trendline.

The price continues to benefit from dynamic positive pressure as it remains above the EMA50, which reinforces the likelihood of further gains in the near term. Positive signals from relative strength indicators also support the bullish outlook, despite reaching overbought territory.

Brent crude oil stabilized after a series of consecutive losses during recent intraday trading, reaching the key support level at $93.50. This has provided some temporary positive momentum, helping to slow the recent selling pressure.

The price is now attempting to ease its clearly oversold condition on relative strength indicators, with early signs of a potential bullish crossover emerging. However, the short-term corrective downward trend remains dominant, while continued trading below the EMA50 keeps bearish pressure in place.

Silver strengthened its gains during recent intraday trading, supported by positive signals from relative strength indicators and continued trading above EMA50, which provides dynamic support and reinforces bullish momentum. The price is currently testing the key resistance level at $75.85 amid a short-term corrective upward trend, moving along a supportive trend line.

Despite reaching overbought territory, positive signals from momentum indicators continue to support the bullish trend.