No change for copper price attempts to activate the bearish corrective scenario due to the stability below the barrier at $5.9700 in the last trading, and stochastic exit from overbought level confirms facing intraday bearish pressures, keeping our expectations of targeting $5.6500 level reaching $5.5100 support.

While the price return to settle above the barrier and providing positive close will reinforce the chances of resuming the main bullish movement by its rally towards $6.1900 directly, to face the resistance of the bullish channel’s resistance, to monitor its behavior to detect the expected trend in the upcoming trading.

The expected trading range for today is between $5.7500 and $5.9500

Trend forecast: Bearish

The (ETHUSD) price rose slightly in its last trading on the intraday levels, due to its holding on main bullish trend line on short-term basis, gaining some bullish momentum to help it recover some of its previous losses, and attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, on the other hand, the price is under negative pressure due to its trading below EMA50, which reduces the chances of full recovery on the near-term basis.

The (Brent) price declined slightly in its last intraday trading, with the emergence of negative signals from relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, by looking for higher low to take it as a base to help it, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis.

Silver price declined in its last intraday trading, to gather the gains of its previous rises, and attempts to gain bullish momentum that might help it to recover new all-time highs on near-term basis, as it attempts to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on a short-term basis.