Despite the weakness of copper price’s last trading, however the stability below the barrier at $6.6600 supports the chances of forming new bearish corrective waves due to the continuation of the negative pressure by stochastic.

We expect reaching the initial support at $6.1000, where surpassing it will open the way for reaching new corrective stations that might begin at $5.9600 and $5.8200. 

The expected trading range for today is between $6.0000 and $6.3600

Trend forecast: Bearish

Ethereum (ETHUSD) declined in recent intraday trading, under continued bearish pressure as it remains below the EMA50, which reinforces the dominance of the short-term downtrend. Price action is also moving along a descending trendline, supporting the ongoing negative structure.

In addition, relative strength indicators are showing renewed negative signals, keeping the bearish outlook intact for the near term unless key resistance levels are broken. This setup maintains downward pressure on the price.

Brent crude declined in recent intraday trading as it approaches a potential break below the $92.40 support level. The short-term corrective bearish trend remains in control, with the price moving along a downward-sloping trendline that reinforces ongoing selling pressure.

Additional downside pressure comes from trading below the EMA50, which continues to act as dynamic resistance and limits recovery attempts. Although the relative strength indicators are entering oversold territory, they are still showing negative signals, suggesting that selling momentum may persist in the near term.

USDCHF maintained its recent gains in intraday trading after offloading its overbought condition on the relative strength indicators, opening the way for potential rise in the near term. Early signs of a positive crossover in momentum indicators suggest improving bullish strength.

The pair continues to receive support from trading above the EMA50, which reinforces the dominance of the short-term upward trend and supports price stability. The overall structure remains positive as long as price action holds above key rising trendlines.