Despite the weakness of copper prices in the last period, its stability within the main bullish channel’s levels, and holding above $4,7500, supports the chances of renewing the bullish attempts, to settle near $5.0500.

Facing the barrier at $5.2000 by the main indicators confirms the importance of surpassing it to open the way for recording extra gains that might begin at $5.3200 and $5.5000.

The expected trading range for today is between $4.9500 and $5.2000

Trend forecast: Bullish

The (ETHUSD) price settled with gains in its last intraday trading, supported by the positive signals on the relative strength indicators, after offloading its overbought conditions, and there is dynamic pressure that is represented by its trading above EMA50, attacking the key resistance at $2,950, on the other hand, the price is under the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this trend.

The (Brent) price rose in its last intraday trading, in attempt to recover some previous losses, this rise comes after reaching our last suggested target at $61.45 support, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the dominance and stability of the bearish trend on the short-term basis, especially with its trading alongside minor trend line.

Silver price rose in its last intraday trading, amid the continuation of the positive pressure that comes from its trading above EMA50, after offloading its overbought conditions, opening the way for achieving more gains in the upcoming period, preparing to attack the key resistance at 52.35, amid the continuation of the positive support of EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend.