Copper price renewed the attempts of forming bearish waves, approaching the extra support that is represented by $5.5100 level, to provide some sideways trading due to the continuation of the main indicators’ contradiction, especially if the moving average 55 below the current trading.

The price needs a new negative momentum that allows it to press on the current support and breaking it will open the way for resuming the bearish corrective attack, expecting reaching $5.3900 and $5.2200.

The expected trading range for today is between $5.5100 and $5.7400

Trend forecast: Bearish

The price of Ethereum ETHUSD is holding onto strong gains during the latest intraday trading after reaching the $2,190 resistance level, which had been a previous price target in earlier analyses.

The price continues to receive dynamic support as it trades above EMA50, reinforcing the strength and stability of the short-term corrective upward trend. In the background, we also notice the beginning of a positive crossover in the relative strength indicators, after the price managed to relieve its overbought condition, giving it more room to expand gains in the near term.

The price of Brent Crude Oil advanced during its latest intraday trading, successfully breaking the key psychological resistance level of $100.00, supported by improving momentum, which may give the price a greater ability to extend its recent gains, while dynamic support continues as the price trades above its EMA50, and it remains under the dominance of the main bullish trend on short-term basis.

The USDCHF declined during its latest intraday trading after reaching the resistance level of 0.7910, as the pair moved to take profits from its previous gains. It is also attempting to gain positive momentum that may help maintain the short-term corrective upward trend, especially as it moves along a supporting trend line for this path.

At the same time, the pair is trying to ease some of its clear overbought conditions on the relative strength indicators, particularly as negative signals have begun to appear. Meanwhile, dynamic support continues as the pair trades above EMA50, which enhances the chances of extending its previous gains.