Copper price ended the last positive rebound by reaching $6.2000 level, to begin forming bearish corrective trading, affected by the stability below $6.300 barrier, to reach $6.0500 currently.

Gathering extra negative momentum is important for reinforcing the chances of surpassing the barrier at $5.9500, to open the way for targeting more corrective stations, which might begin at $5.8200 and $5.7100.

The expected trading range for today is between $5.820 and $6.1500

Trend forecast: Bearish

(ETHUSD) rose slightly in its latest intraday trading, due to the stability of the key support level at $1,550, gaining bullish momentum that helped it to achieve these cautious gains, which targets offloading some of its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from them, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path.

Brent crude oil moves with limited sideways range in its recent intraday trading, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery in the near upcoming period, especially with the dominance of the main bearish trend on the short-term basis, with the emergence of the negative signals from the relative strength indicators, intensifying the negative pressure on the price.

The USDCHF pair rose in its last intraday trading, due to the stability of the key support at 08065, which provided bullish momentum that helped the price to rebound higher, supported by the emergence of positive crossover on the relative strength indicators after offloading its overbought conditions, opening the way for extending these gains in the upcoming near period, amid the dominance of the main bullish trend on the short-term basis.