Copper price lost the positive momentum in yesterday’s trading, to force it to settle below $5.9700 barrier, forming some bearish corrective trading by targeting $5.6700 level, to provide some mixed trading.

Note that stochastic attempts to provide extra negative momentum will increase the bearish corrective track in the current period, and the stability of the price below the previously mentioned barrier is important to make us expect targeting $5.6200 level, to attempt to press on the extra support near $5.5100.

The expected trading range for today is between $5.5100 and $5.8500

Trend forecast: Bearish

The (ETHUSD) price declined slightly in its last trading on the intraday levels, leaning on EMA50’s support, in attempt to gain bullish momentum that might help it to recover and rise again, amid the dominance of bullish corrective wave on short-term basis, with the emergence of positive signals from relative strength indicators, after forming positive divergence, after reaching exaggerated oversold levels compared to the price move.

The (Brent) price rose in its last intraday trading, after offloading its clear overbought conditions on relative strength indicators, opening the way for achieving new gains on near-term basis, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this path, benefiting from the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of extending the gains of the price.

The (USDCHF) price settles on a decline in its last intraday trading, amid the emergence of negative signals from relative strength indicators, attempting to gather the gains of its previous rises, and attempting to gain bullish momentum that might help it to recover and rise again, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis.