Copper price continued forming bullish trading, attempting to settle above $5.3200 level, to open the way for achieving more gains as we expected, the unionism of providing positive momentum by the main indicators will reinforce the chances of reaching $4.5000, which might form a key barrier against the current trading.

While the fluctuation below $5.2000 might force it to delay the bullish attack temporarily, which forces it to activate the bearish corrective track by targeting $4.9500 level before any attempt to record more positive targets.

The expected trading range for today is between $5.2500 and $5.5000

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, after testing the key support at $,090, gaining bullish momentum that helped it to bounce higher, amid the continuation of the positive pressure due to its trading above EMA50, reinforcing the stability of the dominant bullish corrective trend on the short-term basis, besides the emergence of positive overlapping signals on the relative strength indicators, offloading its overbought conditions, opening the way for achieving more of the gains in the upcoming period.

The (Brent) price declined in its last intraday trading, in attempt to gain bullish momentum that might help it to resume its strong gains, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, with the emergence of the positive signals on he relative strength indicators, under the dominance of minor bullish wave on the short-term basis and its trading within channel’s range.

Silver price rose in its last intraday trading, due to the stability of the key support at $56.55, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside main and minor trend line, affected by the positive support that comes from its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators after reaching oversold levels.