Copper price continued the fluctuation yesterday near $5.7500 level, confirming the stability of the previously suggested bullish scenario, besides providing extra positive momentum by reaching the overbought level will support the chances of recording extra gains to reach $5.8300, attempting to press on the next barrier at $5.9700.

The risk of changing the near and medium trading by attempting to break the support at $5.5100 and holding below it.

The expected trading range for today is between $5.6000 and $5.8300

Trend forecast: Bullish

Ethereum (ETHUSD) declined during its latest intraday trading, announcing the stability of the key resistance level at $2,195. This comes with the beginning of a bearish crossover of the relative strength indicators, which may temporarily limit recovery attempts in the near term.

However, this does not alter the broader bullish structure, especially as the price continues to move along an upward supportive trendline and remains above its EMA50, which still provides positive dynamic support and reinforces the potential for recovery.

Brent crude oil rose slightly during its latest intraday trading, benefiting from the stability of the key support level at $93.50. This provided some positive momentum that helped the price achieve modest gains.

However, the overall outlook remains under pressure due to the dominance of a sharp short-term corrective bearish wave, especially after breaking a major upward trendline. In addition, the price continues to face negative pressure as it trades below EMA50, alongside ongoing negative signals from the relative strength indicators.

The (USDCHF) price rose during its latest intraday trading, supported by positive signals from the relative strength indicators after the pair managed to ease its overbought condition. This comes as part of ongoing attempts to recover some of its previous losses.

However, negative pressure remains in place as the pair continues to trade below EMA50, which limits the chances of a full recovery in the near term, especially after breaking a major bullish trend line on a short-term basis.