Copper price began this morning by receiving the positive momentum due to a stochastic surpass to 50 level, accompanied by the attempt of reinforcing the stability of the support at $4.6600 by the moving average 55 level.

And that makes us keep the bullish suggestion, to expect forming bullish waves that allow it to press on the barrier at $4.8900 and surpassing it will ease the mission of reaching the next target at $5.0300.  

The expected trading range for today is between $4.7400 and $4.8900

Trend forecast: Bullish

The (ETHUSD) price settled with achieving gains in its last intraday trading, after its rebound from testing the current support at $2,470, which provided some positive momentum that assisted it to recover some of its previous losses, especially that it came with its need to offload some of its clear oversold condition on the (RSI), with the emergence of the positive signals from them, but the price confirms breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50.

The (Brent) price declined in its last intraday trading, after breaching the critical resistance level at $74.70, to gather the gains of its previous gains, and attempts to gain a positive momentum that might assist it to keep its strong rise, by offloading some of its clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals on them, amid the dominance of the main bullish trend on the short-term basis, with the continuation of the positive support due to its trading above its EMA50.

The (silver) price settled high in its last intraday trading, with stopping the strong bullish move of the price due to gathering its gains, and attempting to offload its clear overbought conditions on the (RSI), especially with the appearance of negative overlapping signals on them, to gather its positive strength that might assist it to recover and rise again, with the continuation of the positive pressure due to its trading above its EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias on the short-term basis.