Copper price resumed bullish attempts to fluctuate above $5.9700 barrier, announcing its readiness to form new bullish waves in the near period, note that positive close above this barrier, to support the chances of its rally towards positive stations that begin at $6.1200 and $6.2400.

While the return fluctuates below $5.9700 will force it to delay the bullish rally, and there is chance to form bearish corrective waves to target $5.8200 and $5.7400 before any new attempt to reach the previously suggested targets.

The expected trading range for today is between $5.900 and $6.1200

Trend forecast: Bullish

The (ETHUSD) price is fluctuating on its last intraday levels, affected by the stability of $2,100 key resistance, attempting to gain bullish momentum that might help it to breach in the upcoming period, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of its recovery with the emergence of positive overlapping signals on relative strength indicators, after reaching exaggerated oversold levels compared to the price move.

The (Brent) price declined in its last intraday trading, with the emergence of negative overlapping signals from relative strength indicators, in attempt to look for its upcoming trend, after fluctuating move to lean on EMA50’s support, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track, reinforcing the chances of the price’s recovery on near-term basis.

The (USDCHF) price declined in its last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signals, leaning on EMA50’s support, amid the dominance of the bullish corrective trend on short-term basis, supported by the chances of the price recover on near-term basis.