Copper price continued to form slow trading, keeping its stability within the bearish corrective track due to the continuation of forming strong barrier at $5.2000 level in the last trading.

Note that the continuation of providing negative momentum by stochastic reach below 50 level will increase the negative pressure on the trading, keeping our expectation of testing the support near $4.7500, where breaking it will force the price to suffer extra losses by targeting $4.4500 level.

The expected trading range for today is between $4.7500 and $5.1000

Trend forecast: Bearish

The (ETHUSD) price rose in its last intraday trading, to recover the main bearish trend on the short-term basis, amid its trading alongside supportive trend line for this trend, this negative pressure increases with the continuation of its trading below EMA50, which reduces the chances of its recovery in the upcoming period, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.

The (Brent) price settled with cautious rise on its last intraday levels, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, offloading some of these conditions, accompanied by its attempt to recover some of its previous losses, amid the dominance of the main bearish trend and its trading alongside minor trend line on the short-term basis.

Silver price declined in its last intraday trading, after offloading its oversold conditions on the relative strength indicators, after testing minor bullish trend line on the short-term basis that was broken previously, which put it under negative pressure that forced it to rebound lower, especially with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which reduces the chances of sustainable recovery on the near-term basis.