Copper price settles above the support – Forecast today – 11-7-2025
AI Summary
- Copper price remains stable above the support level at $5.3200, aiming to gather momentum for a rise towards $6.0400
- A decline below the support could lead to bearish correctional trading with potential losses down to $4.7600
- The expected trading range for the day is between $5.3500 and $5.7200, with a bullish trend forecasted.
Copper price remains stable until this moment within the bullish track, taking advantage of the stability of the extra support at the $5.3200 level, attempting to gather the required extra positive momentum to resume the rise in the near period, reminding you that the initial main stations are stable near $5.7200 reaching the resistance of the bullish channel at $6.0400.
The decline below the support and providing a negative close, so that will force it to form bearish correctional trading, which forces it to suffer some losses by reaching $5.095 and $4.7600 to resume the bullish attack.
The expected trading range for today is between $5.3500 and $5.7200
Trend forecast: Bullish
The (ETHUSD) is in a truce to catch its breath -Analysis- 11-07-2025
The (ETHUSD) price settled high in its last intraday trading, gathering the gains of its previous rises, to attempt to offload some of its overbought conditions on the (RSI), especially with the beginning of the negative overlapping signals on it, gathering its positive strength that might assist it to begin a new strong bullish wave, with its success to breach the critical resistance level at $2,875 which represents our target, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
Brent crude oil is showing more positive signs- Analysis-11-07-2025
The (Brent) price settled low in its last intraday levels, leaning on the support of its EMA50, accompanied by its lean on minor bullish bias line on the short-term basis, as an attempt to gain a positive momentum that might assist it to recover and rise again, especially with the appearance of positive overlapping signals on the (RSI), after reaching oversold levels, which suggest the beginning of forming positive divergence, which will intensify the positive momentum.
Silver price is getting ready to attack critical resistance -Analysis-11-07-2025
The (silver) price extended its gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, getting ready to reach the stubborn and critical resistance level at $17.30, on the other hand, we notice the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought levels, which might decelerate the rise temporarily.