Copper price began this morning with strong positivity, to rally above $5.9700 level, taking advantage of the attempt to provide positive momentum by the main indicators, to settle near $6.0080.

Providing a positive close above the breached barrier is important to confirm its readiness to activate the bullish trend, to expect targeting $6.1200 and $6.2500 level initially, while activating the corrective trend requires providing negative close below $5.8100.

The expected trading range for today is between $5.8700 and $6.1200

Trend forecast: Bullish

Ethereum (ETHUSD) is experiencing choppy intraday trading as it attempts to build positive momentum that could help it break the key nearby resistance at $2,400. The price is supported by dynamic strength from trading above EMA50, which reinforces the stability and dominance of the short-term bullish trend.

In addition, relative strength indicators are starting to show positive signals after reaching deeply oversold conditions, suggesting the beginning of a bullish divergence, which may support further upside movement.

Brent crude continues to decline sharply in its recent intraday trading, to break a short-term minor bullish trend line, which intensifies the likelihood of deepening these losses in the near future, despite reaching oversold levels, to lean on EMA50’s support, which might deduce these losses and we may witness some bullish rebounds to recover some of the previous losses.

The (USDCHF) declined in its latest intraday trading, due to the stability of the key resistance at 0.7840, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, intensifying the negative pressure on the price, especially with the emergence of negative signals from the relative strength indicators after reaching overbought levels.