Copper price remained under pressure by persistently trading below $5.1300 and pressuring the $5.00 barrier, in an attempt to resume its profit-taking operations.

As the Stochastic holds near the 20 level and sends out negative signals, it’ll only reinforce the downward correctional path towards $4.9100 then $4.8100.

Expected trading range today is between the $4.9100 support and the $5.1000 resistance.

Today’s price forecast: Bearish

Silver price rose in latest intraday trading, boosted by trading alongside the upward trend line, with ongoing positive pressure due to trading above the 50-candle SMA, coupled with positive signals from the Stochastic.

Ethereum price fell in latest intraday trading, hurt by negative signals from the Stochastic after it reached overbought levels, with ongoing negative pressure due to trading below the 50-candle SMA, while the price moves alongside the main downward trend line in the short term.

Bitcoin price managed to recoup early losses in the intraday levels, but still suffers from negative pressure due to trading below the 50-candle SMA, as a negative divergence forms in the Stochastic with negative signals emerging from it, amid the dominance of the main downward trend in the short term.