No scape from activating the bullish attack for copper price due to the several factors that confirm the dominance of the bullish track, reminding you that the main stability within the bullish channel’s levels, besides the continuation of providing positive momentum by the main indicators, therefore, we will keep waiting for reaching the target at $4.6200, then attempts to press on the barrier at $4.7500.
The risk of changing the main trend by the attempt of breaking the critical support at $4.1000, which might force it to suffer several losses by reaching $3.8600.
The expected trading range for today is between $4.3800 and $4.7500
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, taking advantage of the renewed bullish momentum due to its trading above EMA50, and under the dominance of minor bullish wave on the intraday basis, besides the emergence of positive overlapping signals on the (RSI), after offloading its overbought conditions, opening the way for achieving more of the gains on the near-term basis.
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The (Brent) price declined in its last intraday trading, due to the stability of the current resistance at $67.45, to gather the gains of its previous rises, and attempts to gain bullish momentum that might help it to breach this resistance, and offloading some of its clear overbought conditions on the (RSI), especially with the emergence of negative overlapping signals from them, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of bullish wave on the short-term basis.
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The (silver) price declined in its last intraday trading, amid its trading in limited range attempting to gain bullish momentum that might help it to breach the critical resistance at $41.45, and attempting at the same time to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, amid the continuation of the positive support due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside bias line.
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