Copper price took advantage of the moving average 55 positivity, which supports the stability of the extra support at $4.2600, facing stochastic contradiction and its stability near $4.470.
We will keep waiting to gather the required positive momentum to resume the bullish attempts, to target $4.6200 and $4.7400 level, while the risk of changing the trend comes by breaking the critical support at $4.0700.
The expected trading range for today is between $4.330 and $4.6300
Trend forecast: Bullish
The (ETHUSD) price deepened its losses in its last intraday trading, after surpassing the support of its EMA50, which put it under negative pressure that led it to break its current support at $4,360, amid the dominance of bearish correctional wave on the short-term basis and its move alongside a bias line, with the emergence of the negative signals on the (RSI), after reaching overbought levels.
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(Brent) price declined in its last trading on the intraday levels, amid its trading alongside a minor bearish trend line, indicating the dominance of this negative track, especially with the continuation of the negative track, especially with the continuation of the negative pressure, due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), after reaching overbought levels.
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The (USDCHF) price rose in its last trading on the intraday levels, supported by the emergence of positive signals on the (RSI), after reaching oversold levels previously , to succeed in offloading these oversold conditions, which puts the price under negative pressure by reaching the resistance of EMA50, amid its affection by breaking minor bullish trend line on the short-term basis.
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