Copper price kept providing bullish trading, to move away from $5.5100 support, taking advantage of providing bullish momentum by the main indicators, to settle near $5.8500.

The price needs extra positive momentum, which allows it to settle above $5.9700 level, to confirm its readiness to record extra gains by its rally towards $6.1200 and $6.2400, while the failure to breach $5.9700 might force it to provide mixed trading with a new chance to activate the bearish corrective track in the upcoming period trading.

The expected trading range for today is between $5.7200 and $5.9700

Trend forecast: Bullish

The (ETHUSD) price declined in its last intraday trading, approaching from hitting the expected target in our previous analysis $1,800 key support, amid the dominance of the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis, especially with the emergence of negative signals from relative strength indicators, after offloading its oversold levels, intensifying the likelihoods of breaking thus key support. 

The (Brent) price rose in its last intraday trading, preparing to attack $72.00 resistance, supported by its continuous trading above EMA50, with the dominance of the main bullish trend on short-term basis, and its trading alongside supportive trend line for this bullish track on the other hand, we notice the emergence of negative overlapping signals from relative strength indicators, after offloading its oversold conditions, which might reduce the gains on near-term basis.

The (USDCHF) price rose in its last intraday trading, taking advantage of its trading above 0.7725 key support, taking advantage of dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis, especially with its trading alongside minor supportive trend line for this track, by the emergence of positive signals from relative strength indicators after reaching oversold levels.