Copper price ended the last corrective decline by reaching the target at $5.8100, forming an obstacle against the negative trading, to notice its sideways fluctuation near $5.8500.

The contradiction of the main indicators might reduce the chances of forming bullish waves, specifically by forming extra barrier at $5.9700 level, while providing negative momentum by stochastic might push the price to break $5.8100 level, which forces it to suffer extra losses that might extend towards $5.7000 and $5.5900.

The expected trading range for today is between $5.7000 and $5.9100

Trend forecast: Bearish

Ethereum (ETHUSD) declined in recent intraday trading, preparing to break below the key support level at $2,250, which previously acted as our price target. This comes amid the dominance of a short-term bearish corrective wave, with continued downside pressure as the price remains below EMA50, beside the emergence of bearish signals from the relative strength indicators.

Accordingly, our expectations point to a decline in Ethereum during the upcoming intraday trading, especially if it breaks below the mentioned $2,250 support level, targeting the next support at $2,175.

Brent crude oil surged sharply in recent intraday trading after breaching the key resistance level at $109.00, which previously acted as our price target. This move reflects a strong short-term bullish wave, with the price continuing to move along an upward trendline that supports the current momentum.

The bullish bias is further reinforced as the price remains above EMA50, indicating sustained dynamic support. However, early signs of a bearish crossover on the relative strength indicators are emerging after reaching overbought territory, which reduces the upcoming gains.

The USDCHF pair rose in recent intraday trading as it attempted to breach the key and stubborn resistance level at 0.7910. amid the dominance of minor short-term bullish waves, moving alongside a bullish trendline, the pair is also benefiting from continued dynamic support as it trades above EMA50, reinforcing the chances of moving higher on the near-term basis.