No news for copper price by forming weak sideways trading, to keep its stability near $5.000 level due to the contradiction between the main indicators, which might force it to delay the main bullish rally.
Notet that the stability of the current trading below $5.2000 level might force it to provide some bearish corrective trading, to target the initial support level at $4.7500, while breaching the barrier will reinforce the chances of recording extra gains by its rally towards $5.3200 initially.
The expected trading range for today is between $4.9000 and $5.1500
Trend forecast: Fluctuated within the bullish track
The (ETHUSD) price kept rising in its last intraday trading, supported by its trading above EMA50, providing bullish momentum that helped it to breach minor bearish trendline on the short-term basis, reinforcing the chances of extending these gains in the upcoming period, especially with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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The (Brent) price witnessed cautious gains in its last intraday trading, supported by the emergence of positive signals on the relative strength indicators, after offloading its overbought conditions, hitting the resistance of its EMA50, amid the dominance of the main bullish trend and its trading alongside minor trendline on the short-term basis, reducing the chances of the price recovery in the upcoming period.
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Silver price rose in its last intraday trading, preparing to attack the key resistance at $49.40, supported by its continued trading above EMA50, and under the dominance of minor bullish wave on the short-term basis and its trading alongside trendline that reinforce the stability of this track, besides the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more of the gains on the near-term basis.
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