Copper price confirmed the bullish scenario by providing a new positive close above $5.5100 level, to begin attempts to record extra gains by reaching $5.7000, to approach the previously suggested initial main target.

The continuation of receiving the bullish momentum that comes from the main indicators unionism supports the chances of resuming the bullish attack, by surpassing $5.7500 and reaching the next target near $5.9700.

The expected trading range for today is between $5.600 and $5.9700

Trend forecast: Bullish

Ethereum (ETHUSD) strongly extended its gains during recent intraday trading,gaining positive momentum after holding above EMA50. The price then surged past the important resistance level at $2,195, which represented our previous target in earlier analysis, supported by the dominance of the short-term bullish and positive signals from the relative strength indicators after reaching deeply oversold levels.

Brent crude oil has been in free fall during recent intraday trading, breaking a main short-term bullish trendline. This decline coincides with a break below EMA50, which amplifies negative pressure and signals a strong reversal of the recent uptrend, especially as negative signals continue to appear from the relative strength indicators, despite it having reached deeply oversold levels.

The (USDCHF) declined sharply during recent intraday trading, accompanied by negative signals from the relative strength indicators. The pair broke below EMA50, exposing it to further negative pressure, which subsequently led to a break of a major short-term upward trendline, a strong signal of a potential shift in the main uptrend in the near term, especially if the key nearby support is broken.