Copper price engaged in some correctional trading on Friday before settling near $5.080, while trying to approach the major barrier of $5.1700 which still represents the door towards more upcoming gains.
As the price continues to be rebuffed at this barrier, while the Stochastic is attempting to exit overbought saturation levels, the chances of a downward correctional will rise, with the price potentially heading towards $4.900, however, a breach of the barrier would send the price towards $5.2900.
Expected trading range for today is between the $4.900 support and the $5.1500 resistance.
Today’s price forecast: Bearish as the barrier holds
Ethereum price advanced in latest intraday trading and managed to trespass the pivotal resistance of $2070, and confirmed the breach by closing a candle above it in the four-hour timeframe, with support due to trading alongside the upward correctional trend line in the short term.
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Bitcoin price kept rising in latest intraday trading, amid the dominance of the upward correctional trend in the short term as the price moves alongside the trendline, with positive signals streaming out of the Stochastic despite reaching overbought levels.
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Brent crude oil price rallied in latest intraday trading, while trading within an ascending correctional price channel in the short term, as the price is boosted by a stream of positive signals from the Stochastic after venting off overbought saturation there previously.
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