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Copper price settles above the moving average– Forecast today – 3-7-2026
Copper price settles above the moving average 55 near $5.9500, to announce delaying the bearish corrective attempts, noticing its rally to settle near $6.1500 level, surrendering to the sideways track, which is represented by the current support and $6.3000 level that represents an extra barrier against the current trading.
The price might form sideways trading until surpassing one of the mentioned levels, note that reaching below the extra support and holding below it will open the way for activating the bearish corrective track, to expect targeting $5.8200 and $5.7100 level.
The expected trading range for today is between $5.9500 and $6.3000
Trend forecast: Sideways
Ethereum (ETHUSD) is in a Truce to Catch Breaths– Analysis – 03-07-2026
(ETHUSD) witnessed fluctuating trading in its latest intraday trading, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its strong gains, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path.
Brent Crude Oil achieves cautious gains amid the continuation of the bearish pressure – Analysis – 03-07-2026
Brent crude oil rose in its recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price action, as a signal for losing this bullish momentum quickly after offloading some previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and the dominance of the main bearish trend on the short-term basis.
USDCHF is Under the Dominance of Bearish Corrective Wave – Analysis – 03-07-2026
The USDCHF pair settles with sharp losses in its last intraday trading, affected by the negative pressure that comes from its trading below EMA50, which represents dynamic resistance that prevents the chances of full recovery in the near period, dominated by bearish corrective wave on the short-term basis. The price settled with the beginning of the positive signals from the relative strength indicators, after reaching oversold levels, which might help the price to achieve some bullish rebounds, which targets offloading these oversold conditions.