Copper price ended its last trading by achieving big losses by reaching $5.8400, achieving the previously suggested targets, which forces it to form intraday rebound towards $5.6800 to gather some gains and attempt to gather positive momentum.

The stability above 161.8% Fibonacci extension level that forms an important support at $5.5100 that supports the continuation of the positive trading, to record new gains by its rally towards 5.9700.

The expected trading range for today is between $5.5500 and $5.9000

Trend forecast: Bullish

The (ETHUSD) price reinforced its gains on its last intraday trading, taking advantage of its trading above EMA50, with the emergence of positive signals from the relative strength indicators, preparing to attack the near key resistance at $3,070, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this bullish trend.

The (Brent) price reinforced its limited gains in its last intraday trading, taking advantage of its trading alongside bullish corrective trend line on the short-term basis, getting bullish momentum by leaning on EMA50’s support, which reinforces the chances of extending these gains on the near-term basis, especially with the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of forming positive divergence.

Silver price witnessed fluctuating trading on its last intraday levels, recording new all-time highs, to bounce lower amid the emergence of the negative signals on the relative strength indicators after reaching overbought levels, to gather more positive momentum that might help it to target new historical resistance levels, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis with its trading alongside trend line that reinforces the stability of this track.