Copper price continued providing negative closes below the resistance at $6.6600 level, forming several corrective waves, approaching the initial support at $6.1000, which represents detecting key for the expected trend in the near and medium trading.

Noticing the continuation of providing negative momentum by stochastic, which makes us wait for breaking the current support, to reinforce the chances of targeting extra corrective stations by reaching $5.9600 and $5.8200.

The expected trading range for today is between $ 5.9600 and $6.3600

Trend forecast: Bearish

Ethereum (ETHUSD) posted a slight intraday rebound in recent trading sessions, but remains under persistent bearish pressure as it continues to trade below EMA50, reinforcing the dominance of the short-term downtrend and limiting any meaningful recovery attempts.

Relative strength indicators have also returned to generating negative signals after previously easing oversold conditions, suggesting renewed downside momentum and weakening bullish strength in the near term.

Brent crude oil extended its recent gains during intraday trading but encountered resistance at EMA50, which halted the gains, accompanied by testing the resistance of minor bearish trend line on the short-term basis, limiting further upside potential.

The USDCHF pair declined during recent intraday trading after failing to break the 0.8000 resistance level, which had previously been our price target. Despite the current pullback, the broader short-term trend remains upward, with the pair still supported by ascending trendlines and trading above EMA50, which continues to provide dynamic support.

The pair is attempting to regain positive momentum, suggesting potential for renewed upside in the near term. Relative strength indicators also support the possibility of recovery following prior oversold conditions.