Copper price returned to form weak and sideways trading, attempting to face stochastic negativity that is located within the oversold level, to keep the main stability above the main bullish channel’s support at $4.0500.

The attempt of the moving average 55 to reinforce the stability of the extra support at $4,2600 might help it to provide some positive momentum, to ease the mission of targeting the positive stations near $4.6300 and $4.7400.

The expected trading range for today is between $4.3700 and $4.6300

Trend forecast: Bullish

The (ETHUSD) price rose in its last trading on the intraday levels, with the beginning of positive overlapping signals appearance on the (RSI), after reaching oversold levels, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside a minor supportive bias line for the trend, taking advantage of the dynamic support that is represented by its trading above EMA50, which forms an obstacle that keep the stability of the bullish trend.

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The (Brent) price settled in its last trading on the intraday levels, after its success in its previous trading to recover some of its previous losses, 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, forming an intraday obstacle against the price recovery, especially with the formation of negative divergence on the (RSI), after reaching overbought levels, exaggeratedly compared to the price move.

The (silver) price declined in its last trading on the intraday levels, affected by breaking a minor bullish trend line on the short-term basis, surpassing the support of its EMA50, forming more of the negative pressure on the price, on the other hand, we notice the emergence of the positive signals on the (RSI), after reaching oversold levels, indicating the beginning of forming a positive divergence from there, providing positive momentum that assists it to recover if its current support settles.

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