There are no new developments in copper prices so far, as they continue to stabilize repeatedly near the 6.3500$ level due to their continued trading below the firm resistance at 6.6000$. This increases the chances of the price soon moving into new downward corrective trades.

The continued negative momentum provided by the Stochastic indicator supports our expectation that the price will attempt to slip soon toward 6.2000$, and then pressure the support level located at 6.1000$, in an effort to find a path to resume corrective attempts during the short- and medium-term trading period.

The expected trading range for today is between $6.1000 and $6.5000

Trend forecast: Bearish

(ETHUSD) rose during its latest intraday trading, benefiting from the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path, on the other hand, we notice the emergence of negative signals from relative strength indicators, which might decelerate the upside track in the upcoming near period.

Brent crude oil declined during its recent intraday trading, with the emergence of negative signals from the relative strength indicators after reaching deeply oversold levels, with the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path.

USDCHF settles with strong gain in recent intraday trading, approaching the key resistance level at 0.8000, amid the dominance of short-term bullish trend, supported by positive signals from relative strength indicators.

Additional support comes from trading above the EMA50, which acts as a dynamic support base and strengthens the chances of further upside in the near term.