Copper price ended Friday’s trading by providing new bullish close above $5.1300 level, confirming the continuation of the bullish scenario in the near and medium period, attacking the barrier at $5.3200.

The price needs a new bullish momentum to confirm breaching the obstacle, recording new gains that might extend towards $5.5000, if the next main target in the positive trading, while the decline below $5.1300 and providing negative close will push it to form strong corrective waves, suffering several losses by reaching $4.9500.

The expected trading range for today is between $5.2000 and $5.5000

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading within fluctuating range, supported by the emergence of positive signals on relative strength indicators, which helped it to record some limited gains to recover from its previous losses.

On the other hand, the price reached EMA50’s resistance, facing negative pressure again, which intensified by breaking bullish corrective trend line on the short-term basis, making the rising attempts weak and prone to failure on the near-term basis.

The (Brent) price rose in its last intraday trading, by the emergence of the positive signals on the relative strength indicators, gaining bullish momentum that helped it to achieve these cautious gains, amid the dominance of the bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the price.

Silver price rose on its last intraday trading, after offloading its overbought levels on the relative strength indicators, reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals from there, which suggest achieving more of the gains in the upcoming period, amid the continuation of the dynmaic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside minor supportive trend line for this trend.