Copper price continued providing positive closing, taking advantage of its stability within the main bullish channel levels, surpassing the negativity of the intraday indicators by its stability above $5.1300 support.

Stochastic fluctuating near 80 level makes us expect to begin forming bullish waves to reach $5.5000, and surpassing it will open the way for achieving extra gains that may begin at $5.6300 and $5.7400.

The expected trading range for today is between $5.2000 and $5.5000

Trend forecast: Bullish

The (ETHUSD) price witnessed fluctuated trading on its last intraday levels, leaning on the support of bullish corrective trend line on the short-term basis, supported by the emergence of positive signals on the relative strength indicators, reaching overbought levels, indicating a quick fading to the bullish momentum, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery on the near-term basis.

The (Brent) price jumped higher on its last intraday trading, after reaching our expected target at $59.20 support, amid the dominance of the main bearish trend, with continuous negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis, to recover some of its previous losses, and attempts to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there. 

Silver price jumped higher in its last intraday trading, breaching the key resistance at $64.60, this resistance represented potential target in our previous analysis, to record new historical levels, supported by its trading above EMA50, which represents a dynamic support that reinforces the stability and strength of the main bullish trend, with its trading alongside minor trend line on the short-term basis, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.