Copper price confirmed the continuation of the positivity by surpassing the barrier at $6.2600 yesterday, to record clear gains by its stability near $6.4100 level.

Our bullish scenario depends on forming additional support at $6.1000 level, and the continuation of providing bullish momentum by the main indicators will reinforce the chances of recording extra gains by reaching $6.5300 and surpassing it will make the next main target at $6.7300 level in the current trading.

The expected trading range for today is between $6.2800 and $6.5300

Trend forecast: Bullish

Ethereum recorded sharp losses during recent intraday trading, surpassing EMA50, which increases negative pressure on the price and limits its ability to recover in the short term.

However, the market is currently balancing this weakness with support from a short-term ascending trendline, which is acting as a dynamic support zone and may help the price stabilize. At the same time, relative strength indicators are showing early positive signals after reaching deeply oversold conditions, suggesting the possibility of a technical rebound.

Brent Crude Oil rose in recent intraday trading, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which intensifies the negative pressure.

On the other hand, some early positive signals have started to emerge from the relative strength indicators after offloading overbought conditions. Opening the way for extending these cautious gains in the upcoming near period.

USDCHF jumped higher during recent intraday trading, supported by positive signals from the relative strength indicators and the continued stability of the key support level at 0.7775, providing positive momentum as it attempts to correct the main short-term bearish trend.

However, negative dynamic pressure remains in place as the pair continues to trade below EMA50, which limits the chances of a full recovery in the near term.