Copper price didn’t move anything in the last period, and it keeps forming sideways trading by its stability near $4.4700, attempting to face stochastic negativity, to keep its positive stability within the bullish track that depends on the strength of the support at $4.0600.
Reminding that the continuation of forming extra support at $4.2600 level reinforces the dominance of the bullish bias, to keep waiting for gathering the positive momentum, which helps to activate the bullish attempts and reach the initial targets at $4.6200 and $4.7500.
The expected trading range for today is between $4.3000 and 4.6200
Trend forecast: Bullish
The (ETHUSD) price declined in its last trading on the intraday levels, surpassing the support of its EMA50, which puts it under negative pressure that intensified by the emergence of the negative signals on the (RSI), despite its reach to the oversold levels, to lean on the support of a minor bullish trend on the short-term basis, gaining some bullish momentum that helped it to settle on the intraday basis.
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The (Brent) price declined on its last intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to offload this overbought condition, gaining bullish momentum that might assist it to recover and rise again, amid the dominance of the bullish correctional trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, besides the price affection by positive technical formation on the short-term basis, which is represented by the double bottom pattern.
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The (silver) price rose in its last trading on its intraday levels, after it succeeded in offloading its overbought conditions that were clear on the (RSI), with the emergence of positive overlapping signals, which opens the way for achieving more of the gains on the near-term basis, amid the dominance of the positive pressure that comes from its trading above EMA50 reinforces the positive momentum.
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